When Evaluating Written Sales Proposals, Buyers Use the Concept of Assurance

question 86

True/False

When evaluating written sales proposals, buyers use the concept of assurance to judge how well the seller is able to identify creative, dependable, and realistic solutions and strategies and match them to the buyer's needs and wants.

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Definitions:

Unemployment Rate

The percentage reflecting those who are in the labor force and are not employed, yet are seeking employment.

Cost-push Inflation

Inflation caused by an increase in prices of inputs like labour, raw material, etc. It’s when the supply side of the economy’s production function becomes more expensive.

Demand-pull Inflation

Inflation that occurs when the demand for goods and services exceeds their supply, leading to an increase in prices.

Demand-pull Inflation

A situation where inflation is caused by an increase in demand for goods and services, exceeding the available supply.