Examlex
As far as possible,a salesperson should avoid using open questions since they do not stimulate the client to provide much information.
Consumer Surplus
The difference between the total amount that consumers are willing to pay for a good or service and the total amount they actually pay.
Alfred Marshall
A prominent British economist known for his significant contributions to microeconomics and for popularizing the use of supply and demand graphs.
Consumer Surplus
The difference between the total amount that consumers are willing and able to pay for a good or service versus the total amount they actually pay.
Marginal Utility
The additional satisfaction or utility that a consumer derives from consuming one more unit of a good or service.
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