Examlex
Which of the following topics must be part of a business firm's salesperson training programs?
MR
An abbreviation for Marginal Revenue, which refers to the additional revenue earned by selling one more unit of a good or service.
MC
Stands for Marginal Cost, which is the increase in total cost that arises from producing one additional unit of a good or service.
Product Differentiation
A marketing strategy that involves distinguishing a product or service from others, to make it more attractive to a particular target market.
Marginal Revenue
The increase in earnings a business gets by selling one extra unit of its goods or services.
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