What Should Be Done When a Voice Broker Hits a Dealer's

question 520

Multiple Choice

What should be done when a voice broker hits a dealer's price as "done" at the very instant the dealer calls "off"?

• A) The deal should not be concluded and the broker should inform both counterparties accordingly.
• B) The transaction should be concluded and the broker should inform both counterparties accordingly.
• C) The broker should immediately inform both counterparties that the deal will have to be renegotiated.
• D) The broker should decide whether the transaction is concluded or not and inform both counterparties accordingly.

Understand market penetration and product development strategies for growth.

Recognize the use of sales forecasts in marketing planning.

Understand the concepts of SWOT analysis, BCG Matrix, and their applications in strategic planning.

Appreciate the role of analytics and strategic tools in formulating marketing strategies.

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Definitions:

Conditioned Response

A learned response to a previously neutral stimulus that has been repeatedly presented along with an unconditioned stimulus.

Operant Conditioning

Operant conditioning is a learning process whereby behavior is strengthened or weakened by reinforcement or punishment.

Classical Conditioning

A training approach characterized by making associations between a stimulus in the environment and one that occurs naturally, causing a conditioned behavior.

Social Setting

The physical and social context in which people live or in which something happens or develops.