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The Definition of Sales Aptitude Is the Same Whether You

question 8

True/False

The definition of sales aptitude is the same whether you are talking to the owner of a furniture store or a sales manager for IBM.


Definitions:

Marginal Revenue Product

The additional revenue generated from employing one more unit of a resource.

Average Product

Output per unit of a particular input.

Perfect Competitor

An idealized firm that has no market power and operates in a market with many buyers and sellers where all have perfect information.

Income Effect

It refers to the change in an individual's or economy's income and how that change will affect the quantity demanded of a good or service.

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