​When Buying a Car from a Commission Salesman You Improve

question 9

Multiple Choice

​When buying a car from a commission salesman you improve your bargaining position by

• A)​shopping when the new model year cars have just arrived
• B)shopping when the showroom is full of customers
• C)shopping when the car lot has many cars left unsold
• D)​shopping toward the beginning of the month

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Definitions:

Variable Cost

Expenses that change in proportion to the activity of a business such as production levels or sales volume.

Wages

Compensation received by employees for their labor, typically expressed as an hourly, daily, or piecework rate, or as an annual salary.

Servers

Computers or computer programs that provide data, resources, or services to other computers, known as clients, over a network.

Marginal Revenue

The additional income generated from selling one more unit of a good or service.