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Salespeople are trained to assess a potential customer's attitude toward their company's offerings and to attempt to change their attitude if it is not positive. There are several techniques that salespeople are taught in their training that can help them accomplish this attitude change. A salesperson's attempt to change a prospective buyer's attitude is called _____.
Long-Run Equilibrium
A state in a market where all adjustments have been made and all inputs, including physical capital and labor, can be varied to reach an optimal output level.
Short-Run Equilibrium
The state in which the quantity supplied equals the quantity demanded within a short time frame, often with some factors held constant.
Economic Loss
The monetary value of the decrease in welfare or trade-offs resulting from an economic transaction or decision, beyond just the physical loss.
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