The Basic Goal of Economics Is

question 43

Multiple Choice

The basic goal of economics is:

• A) controlling the effects of government actions.
• B) determining how to distribute all that is produced in an economy.
• C) addressing the scarcity problem created because the population's desire for goods exceeds the ability to produce them.
• D) matching limited resources to people's limited wants and needs.
• E) controlling tastes and wishes so that there will be enough resources to produce all the goods and services that people want.

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Definitions:

Salesperson

An individual who is responsible for selling products or services to customers, typically aiming to meet or exceed sales targets.

Compensation Method

The method of offsetting negative product aspects with better benefit aspects.

Valid Objection

A genuine concern or issue raised by a prospective buyer that needs to be addressed or resolved by the seller for the sales process to advance.

Prospect's Objection

The concerns or hesitations raised by a potential customer against purchasing a product or service.