If You Own a Condo and You Decide to Lease

question 150

Multiple Choice

If you own a condo and you decide to lease it to your cousin,

• A) there is no opportunity cost of leasing the condo because you own it.
• B) there is an opportunity cost of leasing the condo because you could have chosen to live in it.
• C) there is no opportunity cost of leasing the condo because you collect rent from your cousin.
• D) the only cost relevant to this decision is the price you paid for the condo.

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Definitions:

Marketing Products

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"Hard Sell"

"Hard Sell" refers to aggressive and forceful sales tactics where a salesperson uses direct and insistent approaches to persuade customers to buy a product or service.

"Soft Sell"

A persuasive, indirect, and gentle marketing approach aimed at winning customers over without aggressive sales tactics.

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