Salespeople Are in a Strong Position to Close a Sale

question 2

Multiple Choice

Salespeople are in a strong position to close a sale if they put emphasis on

• A)product features
• B)price
• C)variety
• D)quality
• E)relationship

Differentiate between required and excess reserves in the banking system.

Explain the impact of loans and deposits on a bank's balance sheet.

Understand the concept of narcissism and its prevalence in society.

Recognize the relationship between socioeconomic status and narcissism.

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Definitions:

Efficient

Refers to the optimal use of resources to achieve the desired outcome with minimal waste or effort.

MSB = MSC

A condition in economics where the marginal social benefit of production is equal to its marginal social cost, considered an optimal point of resource allocation.

Network Externality

The increase in the value of a good or service to an individual is greater when a large number of others own or use the same good or service.

Positive Externality

A beneficial effect experienced by a third party due to an economic activity, without compensation.