Trina Must Respond to a Customer Inquiry

question 3

True/False

Trina must respond to a customer inquiry. Her response should not only answer the customer's questions but also promote her business and its products and services.

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Definitions:

Market Demand

The total quantity of a good or service that consumers are willing and able to purchase at various prices during a specific time period.

Elastic

Describes a situation where the demand or supply of a good or service changes significantly in response to price changes.

Fixed Costs

Expenses that remain consistent regardless of production or sales volume, like lease payments, wages, and insurance costs.

Total Costs

The complete amount of all costs incurred during the production of goods or services, including both steady and varying expenses.