Which of the Following Is a Suggested Strategy for Preventing

question 42

Multiple Choice

Which of the following is a suggested strategy for preventing dissatisfaction and promoting problem solving?

• A) Always sympathize with the customer just to make them feel better.
• B) Refrain from going the extra mile to provide exemplary service.
• C) Give in to the whim and request of every customer.
• D) Think like the customer and act accordingly.

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Definitions:

Laissez-Faire Economics

A market system with minimal government intervention, where private parties are free to conduct business as they see fit.

Keynes

Refers to John Maynard Keynes, a British economist whose theories on the impact of government policies on economic recessions and depressions have significantly influenced modern macroeconomics.

The Classicals

A group of economists in the late 18th and early 19th centuries who believed in free markets, free trade, and limited government intervention in the economy.

Full Employment

A situation in an economy where all available labor resources are being used in the most economically efficient way.