Salespeople Who Regularly, Clearly, and Concisely Communicate Product Information to Customers

question 70

Multiple Choice

Salespeople who regularly, clearly, and concisely communicate product information to customers enhance _____.

• A) market segmentation
• B) customer satisfaction
• C) the sales forecast rate
• D) the customer acquisition cost
• E) customer accountability

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Definitions:

Loanable Funds

The sum of money available for borrowing, influenced by savings and investments, within an economy at any given time.

National Saving

The total amount of saving in a country, equal to the sum of private and public saving, representing the national income not spent on consumption or government expenditure.

Public Saving

The portion of a government's budget surplus, which is the difference between tax revenues and government spending.

Private Saving

Private saving is the portion of households' and businesses' income that is not spent on consumption or taxes, typically saved for future investment or consumption.