Consider the Following Statements

question 139

Multiple Choice

Consider the following statements:
a.Car owners purchase more petrol from a petrol station that sells petrol at a lower price than other rival petrol stations in the area.
b. Banks do not take steps to increase security since they believe it is less costly to allow some bank robberies than to install expensive security monitoring equipment.
c. Firms produce more of a particular DVD when its selling price rises.
Which of the above statements demonstrates that economic agents respond to incentives?

• A)b only
• B)c only
• C)a and b
• D)a, b, and c

Distinguish between different levels of listening and their significance in effective communication.

Apply the concept of empathy in sales interactions to better connect with prospects.

Comprehend and implement the KISS rule in sales presentations to maintain simplicity and clarity.

Acknowledge the role of feedback in the communication process and how it influences sales presentations.

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Definitions:

Buy Stocks

The action of purchasing shares of a company with the expectation that their value will increase over time.

Mutual Fund Investors

Individuals or institutions that invest in a mutual fund, pooling money together to be managed by professional fund managers.

Technical Traders

Investors who use technical analysis and historical price activity and volumes of the markets to predict future price movements.

Market Timers

Investors who attempt to achieve higher returns by predicting future market movements and adjusting their investments accordingly, often at higher risk.