Co-Workers in the Sales Department of a Company Work Closely

question 6

Multiple Choice

Co-workers in the sales department of a company work closely together.These members of the sales department together make up a ________ group.

• A) familial
• B) primary
• C) tertiary
• D) secondary

---

Definitions:

External Costs

Costs that are not borne by the parties involved in a transaction but rather by third parties or society as a whole.

Efficient Solution

An outcome wherein resources are allocated in the most effective way, maximizing benefits while minimizing costs or wastes.

Internalize Externalities

The process by which a firm takes into account the external costs or benefits of its activities, typically by incorporating them into its pricing structure.

Negative Externalities

Costs suffered by a third party as a result of an economic transaction, such as pollution caused by industry, which are not reflected in the market prices.