The Concept of Privatization Refers to

question 51

Multiple Choice

The concept of privatization refers to

• A) the replacement of government services with services provided by private firms.
• B) federal loan guarantees for small businesses.
• C) the hiring practices of the civil service.
• D) the replacement of federal government services with state or local government services.
• E) reducing the number of levels in the federal hierarchy.

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Definitions:

Workload

The amount of work assigned to or expected from a person within a given time period.

Opportunity

A set of circumstances that makes it possible to do something or achieve a particular goal.

Personal-selling Process

A direct marketing strategy involving face-to-face interactions between a seller and a customer to achieve sales.

Personal-selling Process

A sequence of steps taken by sales representatives, including prospecting, approaching, presenting, handling objections, closing, and follow-up, to persuade potential customers to buy a product or service.