One Reason That Helps to Explain the Law of Supply

question 186

Multiple Choice

One reason that helps to explain the law of supply is the law of

• A) diminishing marginal utility.
• B) diminishing marginal returns.
• C) decreasing opportunity costs.
• D) demand.

---

Definitions:

Customer Talking Time

The duration or portion of a conversation in which the customer is speaking, often used in sales and service settings to gauge customer engagement and understanding.

Presentation Stage

A phase in sales or marketing where a product or service is presented to potential buyers, highlighting its features and benefits.

Negotiation and Close

The process of bargaining that precedes the final agreement in a sale, combining the skills of negotiating terms with the aim of successfully closing a deal.

AIDA Procedure

A marketing model that describes the stages a consumer goes through in the process of purchasing a product: Attention, Interest, Desire, Action.