The Scarcity Principle States That

question 124

Multiple Choice

The Scarcity Principle states that:

• A)people don't have enough money to buy what they want.
• B)society will eventually run out of resources.
• C)with limited resources, having more of one thing means having less of another.
• D)some countries have fewer resources than others.

---

Definitions:

Buying Decision

The process of deciding whether to purchase a product or service, influenced by various factors.

Greeting Cards

Printed or digital cards sent to express personal messages, often for special occasions or sentiments.

Customer's Business

The specifics of a client's industry, company operations, and market challenges, essential for tailoring sales approaches.

Account Penetration

A measure of how deeply a supplier or service provider has engaged with a customer account, typically aiming for a wide range of product or service adoption within the account.