Kim, a Salesperson, Has Set an Annual Sales Target of $350,000

question 92

Multiple Choice

Kim, a salesperson, has set an annual sales target of $350,000 for herself . However, she rarely devotes any time to strategize plans to achieve her target. In this scenario, Kim is:

• A) most likely to be successful.
• B) less likely to be an effective self-leader.
• C) most likely to incorporate technology in her sales techniques.
• D) an efficient route planner.
• E) less likely to minimize the effectiveness of her resources.

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Definitions:

Oligopolist

An oligopolist is a participant within an oligopoly, which is a market structure characterized by a small number of firms dominating the industry, often leading to limited competition and higher prices for consumers.

Profit

The financial gain realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Long Run

A period of time in economics during which all factors of production and costs are variable, and all adjustments can be made within the economy.

Concentration Ratio

A measure of the market share held by the largest firms within an industry.