A Business Letter Is Considered Successful If

question 71

Multiple Choice

A business letter is considered successful if

• A) it conveys the information in a business-like way.
• B) the receiver acts on it without undue delay.
• C) it gets the expected response.
• D) it is set out in standard business format.

---

Definitions:

Natural Monopoly

A market condition where a single supplier is most efficient in serving the entire market's demand, often due to high barriers to entry like significant infrastructural costs.

Perfect Competition

A market structure characterized by a large number of buyers and sellers, homogeneous products, free entry and exit, and perfect information.

Total Revenue

The combined sum of earnings a company receives for its goods sold and services rendered over a particular time span.

Standardized Product

Goods or services that are uniform in quality and performance, allowing them to be interchangeable.