When Technology Improves,the Firm's Marginal Cost Curve Shifts

question 31

Multiple Choice

When technology improves,the firm's marginal cost curve shifts

• A)Upward,and supply increases.
• B)Downward,and supply increases.
• C)Upward,and supply decreases.
• D)Downward,and supply decreases.

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Definitions:

Sales Interaction

The dynamic exchange between a salesperson and a potential or existing customer aimed at promoting or selling a product or service.

Need-Satisfaction

A rephrasing of "Need-Satisfaction Sales Presentation." A method where the focus is on understanding and fulfilling the specific needs of the customer.

Problem-Solution

A strategy focusing on identifying a problem and proposing a solution to address it, commonly used in marketing and product development.

Questioning Approach

A sales technique involving asking targeted questions to understand customer needs, preferences, and challenges, facilitating a more tailored sales pitch.