The Best Definition of Inflation Is

question 109

Multiple Choice

The best definition of inflation is

• A) a temporary increase in prices.
• B) an increase in the price of one important commodity such as food.
• C) a persistent increase in the general level of prices as measured by a price index.
• D) an increase in the purchasing power of the dollar.

---

Definitions:

On-Time Delivery

A metric that measures how many shipments are delivered per the requested delivery date.

Clientelling

A method of personalizing service by tailoring product information for individual customers, in order to provide an exceptional and personalized shopping experience.

Salespersons

Individuals who sell products or services to potential customers in exchange for money or other compensation.

Customer-Driven

A business strategy that focuses on creating and delivering value to meet the needs and preferences of customers.