When Gary Objected to the High Cost of the Copier

question 33

Multiple Choice

When Gary objected to the high cost of the copier Wynette was suggesting his office purchase, she replied, "The initial price is one of the highest on the market, but this copier offers the fastest pages per minute output rates available on the market, and has one of the two best maintenance records in the industry, so you know you'll be able to meet those critical production deadlines you told me about." Wynette is using the _____ method to respond to Gary.

• A)direct acceptance
• B)passover
• C)referral
• D)revisit
• E)compensation

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Definitions:

Velocity of Money

The rate at which money circulates or is exchanged in an economy during a specific period.

Money Supply

The total amount of monetary assets available in an economy at a specific time, including currency in circulation and balances held in checking and savings accounts.

Aggregate Demand

The collective appetite for goods and services in an economy, valued at a certain price point during a precise time interval.

Real GDP

Gross Domestic Product adjusted for inflation, measuring the value of goods and services produced in a country in a given time period.