When Demonstrating a Product, the Salesperson Should

question 63

Multiple Choice

When demonstrating a product, the salesperson should

• A) Make sure the product being demonstrated is typical of what is being recommended.
• B) Demonstrate the top of the line model.
• C) Try to keep the customer from getting too involved in the demonstration.
• D) Be concerned about his/her ability to demonstrate the product effectively.
• E) All of the above are correct.

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Definitions:

Gross Trading Profit

The total profit from trading activities before deducting expenses and taxes.

Inside Quotes

The highest bid and lowest ask prices among all market makers in a particular stock, representing the most competitive prices at which you can buy or sell.

Limit Order Book

A record of all the outstanding buy and sell orders for a particular security or financial instrument, organized by price level.

Bid and Ask Prices

The bid price is the highest price a buyer is willing to pay for a security, while the ask price is the lowest price a seller is willing to accept.