What Is the First Step in the Development of Any

question 80

Multiple Choice

What is the first step in the development of any business letter?

• A) Decide why the recipient is to get the letter
• B) Write down the points that are going to be made
• C) Write down what is going to be said
• D) Write a draft

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Definitions:

Marginal Utility

The extra pleasure or benefit derived from using an additional unit of a product or service.

Marginal Rates

The additional cost or benefit associated with a small incremental increase in a unit of activity.

Utilities Possibilities Frontier

A concept in economics that represents all possible allocations of utility or satisfaction among different goods and services for a particular consumer or society, graphically.

Efficient

A state of productivity in which resources are used in the most cost-effective way without waste, achieving the highest possible output from a given input.