Competitive Position Is Defined as

question 126

Multiple Choice

Competitive position is defined as

• A) the strength of the relationship between the selling firm and an account.
• B) the number of active competitors for the account.
• C) the strength of the relationship between an account and each competing firm.
• D) a measure of the competitive strength of the firm in an area.
• E) a rank order of account desirability determining to what extent selling effort should be expended to win it.

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Definitions:

Transfer Payments

Payments made by the government to individuals or other entities without the government receiving any goods or services in return, such as welfare benefits or social security.

Net Exports

Net Exports is the value of a country's total exports minus the value of its total imports, indicating whether a country is a net exporter or importer.

U.S. GDP

Gross Domestic Product of the United States, measuring the total economic output of goods and services.

Investment Spending

The expenditure on new physical capital, such as buildings and machinery, by businesses, and includes construction of new homes by households.