Examlex
Suppose the price elasticity of demand for good X is 1.5.If household income increases by 25%,ceteris paribus,what is the change in quantity demanded for good X?
Alternative-Choice Close
A sales technique where the salesperson presents the potential buyer with two choices, both leading to a sale, in an effort to close the deal.
Buying Decision
The process of evaluating and choosing from available alternatives to purchase a product or service.
Question Close
A sales strategy that involves closing a deal by asking the customer a question that assumes the sale has been made.
Purchase Manager
An individual responsible for acquiring goods and services for their organization at the best possible price.
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