Education at a Private University Is NOT a Public Good

question 117

Multiple Choice

Education at a private university is NOT a public good because it is

• A) nonrival.
• B) excludable.
• C) Both nonrival and nonexcludable.
• D) None of the above answers is correct.

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Definitions:

Sales Presentation

A structured conversation or pitch designed to persuade a potential customer to purchase a product or service.

Inventory Management

The practice of ordering, storing, tracking, and controlling inventory to ensure the right quantity of products is in the right place at the right time.

Need-satisfaction

A sales approach focusing on identifying and meeting the specific needs of a client or customer, thereby creating value and fostering positive relationships.

Need-utilization

The process of identifying and making use of customers' requirements to effectively sell a product or service.