Suppose You're Working as a Salesperson and One of Your

question 40

Multiple Choice

Suppose you're working as a salesperson and one of your prospects tells you they are interested in your product because their other supplier is experiencing temporary production problems. Which of the following needs is the buyer expressing?

• A) Situational needs
• B) Functional needs
• C) Social needs
• D) Psychological needs
• E) Knowledge needs

Understand external benefits in the context of environmental economics and the impact on market outcomes without regulation.

Understand the concept of externalities and how they impact social welfare.

Identify positive externalities and examples of activities that generate them.

Discuss the role of government intervention in addressing externalities and achieving social optimum.

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Definitions:

Genetically Closed

Describes populations or species with little to no genetic exchange with others, leading to high genetic similarity within the group.

Arbitrary Category

A classification based on random choice or personal whim, rather than any reason or system.

Systematic Program

A structured and planned sequence of procedures or activities designed to achieve specific goals.

Genocide

The deliberate and systematic destruction of a racial, political, or cultural group.