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When a Buyer Asked the Price of a Particular Model

question 3

Multiple Choice

When a buyer asked the price of a particular model of meat slicer,a company's salesperson said,"If you don't mind,could we discuss that later,after I show you how this slicer can handle everything from steaks to onions." In this scenario,the salesperson was using the _____ method to respond to the buyer's objections.

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Definitions:

Households

Entities consisting of one or more people who live together and make joint decisions on consumption and other economic activities.

Firms

Business entities that produce goods or services, usually with the intention of selling them for a profit.

Opportunity Cost

The value of the best alternative forgone when a decision is made to use resources for a particular purpose.

Wage Increases

An upward adjustment in the amount of compensation employees receive for their work, often in response to inflation, productivity, or market demand.

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