According to Some Experts, Which of the Following May Be

question 46

Multiple Choice

According to some experts, which of the following may be a reason that substantial reductions in field sales may occur in the future?

• A) Cost of maintaining a sales team
• B) Lack of security for confidential information
• C) Skill-set deficiencies in the sales force
• D) Advances in information technology
• E) Increasing competition

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Definitions:

Price Ceiling

A government-imposed limit on the maximum price that can be charged for a product or service.

Government-Imposed

pertains to regulations, restrictions, or conditions set by public authorities that affect individuals, businesses, or activities within a jurisdiction.

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a given price in a given period.

Price Floor

A minimum legal price below which a product cannot be sold; to have an impact, a price floor must be set above the equilibrium price.