A Right Granted to a Firm by Government That Permits

question 32

Multiple Choice

A right granted to a firm by government that permits the firm to provide a particular good or service and excludes others from doing the same is called

• A)a natural monopoly.
• B)a comparative advantage.
• C)an economy of scale.
• D)a public franchise.

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Definitions:

Analytics-Based Application

A software tool that utilizes data analysis and statistical methods to interpret and visualize data, aiding decision-making processes.

Social Selling

The practice of using social media networks to interact directly with prospects, providing value by answering questions and offering thoughtful content, with the aim of converting them into customers.

B₂B Marketing

Refers to the marketing of products or services to other businesses and organizations, focusing on building valuable relationships.

Social Selling Platform

An online tool or medium that enables sales professionals to extend their network, engage with prospects, and achieve sales through social networks.