In Which of the Following Cases Is Personal Selling More

question 118

Multiple Choice

In which of the following cases is personal selling more important than advertising and sales promotion?

• A)The products being sold are standardized.
• B)There are many customers for the product being sold.
• C)The product being sold has a low value.
• D)The products being sold are technically complex.

Explain consumer surplus and how it is affected by changes in price.

Grasp the first law of demand.

Understand the effect of government policy changes on demand elasticity.

Apply the concept of marginal analysis in production decisions.

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Definitions:

Ascomycota

A phylum of fungi characterized by the formation of spores in sac-like structures called asci, which includes many medically and industrially important species.

Basidiomycota

A large division of fungi, commonly known as club fungi, that includes mushrooms, toadstools, puffballs, and shelf fungi, characterized by producing spores on basidia.

Karyogamy

The final phase of the sexual cycle of fungi and algae, where the nuclei of two mating types or gametes fuse together to form a zygote.

Basidium

A microscopic, spore-producing structure found on the gills under the cap of a mushroom, characteristic of Basidiomycota fungi.