Thanks to ITunes and Similar Websites, Sales of Compact Discs

question 83

Multiple Choice

Thanks to iTunes and similar websites, sales of compact discs have declined severely, forcing entertainers to seek alternative revenue streams. This represents a change in the ________ component of the external environment.

• A) psychological
• B) behavioral
• C) sociocultural
• D) economic

Appreciate the significance of continuous learning and improvement in selling skills and techniques.

Identify different sales approaches and methodologies, including consultative and adaptive selling.

Recognize the ethical considerations in sales and the need for honesty and integrity.

Understand the basic concepts of genetics, including the difference between genotype and phenotype.

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Definitions:

Gratuitous Promise

A promise for which no consideration is given or required in return, often unenforceable without a deed or under specific legal conditions.

Consideration

In contract law, consideration refers to the value (such as money, a service, or a promise) that is given in exchange for a contractual obligation from the other party.

Illusory Contract

An agreement that fails to bind one party due to vague or unenforceable terms, making it appear to be a contract only in illusion.

Probated

Referring to the legal process in which a will is reviewed to determine whether it is valid and authentic.