Which of the Following Is a Microeconomic Statement

question 10

Multiple Choice

Which of the following is a microeconomic statement?

• A)The real domestic output increased by 2.5 percent last year.
• B)Unemployment was 8.3 percent of the labour force last year.
• C)The price of personal computers declined last year.
• D)The general price level increased by 4 percent last year.

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Definitions:

Customer Profile

Detailed information and characteristics about a business's target consumers to better understand and serve them.

Purchasing Policies

Guidelines and procedures set by a company or organization governing how goods and services are acquired.

SMART

A technique to set the sales call objectives by making sure the objectives are specific, measurable, achievable, realistic, and timed.

Sales Call Objective

The specific goal or desired outcome of a sales call, such as making a sale, scheduling a meeting, or gathering information.