Ivan Sells Customized Computer Software and Hardware to Small Businesses

question 89

Multiple Choice

Ivan sells customized computer software and hardware to small businesses.To make a sale to Anastasia,he has offered to discount $100 if she buys the product immediately.He initially quotes $100 more than his company's list price; his bargain price is the list price.Ivan has:

• A) acted within a typical salesperson's ethical boundaries.
• B) incurred a loss for his company.
• C) tried to use backdoor selling.
• D) used deception in trying to make a sale.
• E) none of the above.

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Definitions:

GDP

Gross Domestic Product, which is the total market value of all final goods and services produced within a country in a specific period.

Real GDP

Gross Domestic Product adjusted for inflation, providing a more accurate measure of economic growth by reflecting the value of all goods and services produced at constant prices.

Deflation

A drop in the overall cost of goods and services, frequently resulting from a decrease in the availability of money or credit.

Inflation

The measurement of how swiftly the overall prices of goods and services increase, eroding the power to buy.