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It takes Russell 6 hours to produce a bushel of corn and 2 hours to wash and polish a car.It takes Wilma 6 hours to produce a bushel of corn and 1 hour to wash and polish a car.Wilma and Russell cannot gain from specialization and trade,since it takes each of them 6 hours to produce 1 bushel of corn.
Salesperson Knowledge
The information and skills that a sales representative possesses, which can include product details, market insights, and customer service techniques.
Product
Any item or service offered for sale, designed to meet a specific need or demand in the market.
Service
Making a contribution to the welfare of others; the product which is an action or activity done for others for a fee.
Premium
Refers to a payment made for insurance coverage or an amount paid for a product/service above its standard cost.
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