Which of the Following Is NOT a Benefit of Consultation

question 24

Multiple Choice

Which of the following is NOT a benefit of consultation?

• A)Allows development of a tailored solution for customers
• B)Facilitates formation of a trusting relationship
• C)Provides opportunities to convey value offered
• D)Helps customers to better understand their own situation
• E)Allows offering of a standardised service

---

Definitions:

Market Supply Curve

The market supply curve graphically represents the relationship between the total quantity of a good that producers are willing to supply and the price of the good.

Market Wage Rate

The prevailing pay rate for work of a similar nature in a specific industry or geographic area.

Product Market

A marketplace where final goods or services are offered to consumers, businesses, and the public sector.

Monopsonist

A monopsonist is a market condition where there is only one buyer for a product or service, giving them significant power over prices.