A Company Should Avoid High-Pressure Selling If It Wants to

question 97

Multiple Choice

A company should avoid high-pressure selling if it wants to .

• A) move a previous year's product models
• B) maintain an accurate customer database
• C) comply with local and federal laws
• D) achieve short-term gains
• E) build long-term relationships with valued customers

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Definitions:

Teamwork

The collaborative effort of a group to achieve a common goal or complete a task in the most effective and efficient way.

Short-Run Equilibrium

A state where supply and demand are balanced at a particular price level within a short time frame, especially in markets or within firms.

Long-Run Equilibrium

A state where there is no tendency for economic variables, such as prices, outputs, or employment, to change, because all agents in the economy have fully adjusted to any changes.

Efficient Scale

The level of production at which a firm can produce its goods at the lowest average cost, optimizing resource use.