Examlex

Solved

To Build Goodwill in a Business Letter, Use Neutral Expressions

question 195

True/False

To build goodwill in a business letter, use neutral expressions such as cannot and will not.


Definitions:

Price Effect

The impact on the quantity demanded of a good or service resulting from a change in its price, holding all other factors constant.

Quantity Effect

The change in quantity demanded or supplied of a good or service due to a change in its price.

Price-elastic Demand

A situation where the quantity demanded of a good or service significantly changes in response to changes in its price.

Total Revenue

Total revenue is the total amount of money received by a company from sales of its goods or services before any expenses are subtracted.

Related Questions