A Monopoly Arises for Two Key Reasons,which Are

question 93

Multiple Choice

A monopoly arises for two key reasons,which are

• A)barriers to entry and no close substitutes.
• B)franchises and barriers to entry.
• C)barriers to entry and close substitutes.
• D)close substitutes and no barriers to entry.
• E)natural and legal

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Definitions:

Salesperson

A professional responsible for selling products or services to customers, often involving direct interaction or negotiation.

Professional Salesperson

An individual specialized in persuading or influencing others to purchase goods or services in exchange for money.

Prospect's Objection

Concerns or reasons given by a potential buyer for hesitating or declining to purchase a product or service.

FAB Sequence

A sales technique that highlights the Features, Advantages, and Benefits of a product or service to the customer.