Which of the Following Types of Laws Is Most Important

question 11

Multiple Choice

Which of the following types of laws is most important to managers of sales programs?

• A) Real estate
• B) Civil liberties
• C) Consumer protection
• D) Criminal
• E) All are important to sales programs

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Definitions:

Marginal Utility

The boost in satisfaction from the consumption of an additional item of a good or service.

Total Utility

The overall satisfaction or pleasure a consumer derives from consuming a certain quantity of goods or services.

Marginal Utility

The extra fulfillment or advantage a person gains by consuming an additional unit of a product or service.