A Good That Everyone Benefits from and from Which No

question 16

Multiple Choice

A good that everyone benefits from and from which no one can be excluded is a(n)

• A)exported good.
• B)free rider.
• C)collective or public good.
• D)commercial good.
• E)benefit.

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Definitions:

Purchases

Transactions in which goods or services are acquired in exchange for money or other forms of compensation.

Relationship Selling

A sales technique that focuses on building, maintaining, and enhancing interactions with customers to develop long-term satisfaction.

Ethical Issues

Ethical issues in marketing involve the moral principles and values that govern the conduct of individuals and organizations in the creation, exchange, and presentation of goods, services, and ideas.

Legal Issues

Challenges or controversies arising in the application or interpretation of laws, regulations, and legal principles.