With the Onset of the Industrial Revolution in the Middle

question 50

Multiple Choice

With the onset of the Industrial Revolution in the middle of the eighteenth century, what economic justification of salespeople gained momentum?

• A) to make local economies more self-sufficient
• B) to reach new customers in geographically dispersed markets
• C) to facilitate growth in specialized markets
• D) to provide employment for displaced farm workers

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Definitions:

Off-Peak Periods

Times when demand for a service or product is lower, often leading to reduced prices or rates to encourage usage or purchase during these times.

Demand Shift

A change in consumers' desire to purchase goods or services, influenced by factors like price changes, seasonal trends, or evolving preferences.

Static Pricing

A pricing strategy where the price of a product or service is fixed and does not change in response to market fluctuations or consumer demand variations.

Optimal Price

The price point that maximizes a company's profits or achieves other specified business objectives, taking into account costs, demand, and competitive pricing.