Terms Such as "Consequently," "Therefore," and "As a Result" Are

question 62

Multiple Choice

Terms such as "consequently," "therefore," and "as a result" are

• A) premise indicator words.
• B) conclusion indicator words.
• C) statements.
• D) persuaders.

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Definitions:

Normal Profits

The minimum profit necessary for a company to remain competitive in the market, equivalent to the opportunity cost of capital.

Efficiently

Performing or operating in the best possible manner with the least waste of time and effort.

Product Differentiation

Identifying unique features of a product or service to make it more attractive to a specified segment of the market.

Elasticity

A measure of how much the quantity demanded or supplied of a good responds to a change in price, income, or other factors.