Employees Should Focus on Taking a One-Time Service or Sales

question 16

True/False

Employees should focus on taking a one-time service or sales opportunity approach instead of developing an ongoing relationship with customers.

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Definitions:

Equilibrium

A condition or state in which economic forces are balanced, such as the point where supply equals demand.

Market Clear

A situation in which the market reaches a state where quantity supplied equals quantity demanded, leaving no surplus or shortage.

Surplus

An excess of income or assets over expenditure or liabilities in a given period, typically a fiscal year, leading to available resources beyond what is required.

Supply Schedule

A table that shows the quantity of a good or service that producers are willing to supply at various prices.