How Can a Salesperson Increase the Value of the Customer

question 49

Essay

How can a salesperson increase the value of the customer offering?

Understand the role of personal and standard deductions in determining taxable income.

Recognize the tax implications of dependency status and eligibility for exemptions.

Identify the forms and requirements for individual federal income tax returns.

Understand the implications of marital status on filing and exemptions.

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Definitions:

Perfectly Competitive

A market structure characterized by a large number of small firms, identical products, and free entry and exit which leads to firms earning normal profits in the long run.

Monopolist

A single seller in a market, who has significant control over the price and supply of a product.

Price Per Unit

The cost assigned to a single unit of a good or service.

Marginal Revenue

The profit derived from the sale of an additional item of a product or service.