Examlex
Suppose a salesperson is classifying accounts based on the level of sales potential. Which common method for classifying accounts is the salesperson using?
Utility Function
A mathematical representation in economics that captures the level of satisfaction or happiness that consumers derive from consuming goods and services.
Price
The sum of money envisaged, obligatory, or handed over as compensation for something.
Income
The money received by a person or organization for work, investments, or from other sources.
Utility Function
A quantitative model showing how buyers prioritize various combinations of products based on their happiness or usefulness.
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