Which of the Following Is Likely to Be a Benefit

question 53

Multiple Choice

Which of the following is likely to be a benefit derived from establishing sales territories?

• A)An improvement in quality of customer service.
• B)An increase in the sales representatives' effectiveness.
• C)An aid to management in evaluating the sales representatives' performance.
• D)All of these.
• E)Only two of A-B-C are the usual benefits.

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Definitions:

Price Ceiling

A government-imposed limit on how high a price is charged for a product, above which it cannot legally rise.

Laissez Faire Policy

An economic doctrine stressing minimal government intervention in the marketplace, advocating for free markets to regulate themselves.

Quantity Control

An upper limit, set by the government, on the quantity of some good that can be bought or sold; also referred to as a quota.

Downward-Sloping Demand

A market condition where the demand for a product decreases as the price increases, illustrated by a downward curve on a graph.