A Price Floor Is a Price

question 300

Multiple Choice

A price floor is a price

• A) below which a seller cannot legally sell.
• B) above which a seller cannot legally sell.
• C) that creates a surplus of the good if it is set above the equilibrium price.
• D) Both answers A and C are correct.

---

Definitions:

SELL Process

A sales methodology involving Showing features, Explaining benefits, Leading into advantages, and Letting the customer see themselves using the product or service.

Feedback Resistance

Feedback Resistance occurs when individuals or organizations are unwilling or hesitant to accept constructive criticism or suggestions for improvement.

Source Manipulation

Altering or adjusting the origin or presentation of information, often to mislead or serve a particular agenda.

Territorial Space

The physical or geographic area assigned to a salesperson or team within which they are responsible for conducting sales activities.