Examlex
When handling highly technical or engineered products or when encountering non-routine problems or prospecting for new accounts, it is important that the sales representative have the ability to:
Decision Makers
Individuals or groups responsible for making choices that determine the course of actions to be followed.
Efficient
The property of resource allocation where it is impossible to make any one individual better off without making at least one individual worse off.
Marginal Benefit
Marginal benefit is the additional satisfaction or utility that a consumer receives from consuming one more unit of a good or service.
Social Cost
The total cost to society, including both private costs borne by the producer and external costs borne by others, of producing a good or service.
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