Which of the Following Expressions Is Correct

question 496

Multiple Choice

Which of the following expressions is correct?

• A)accounting profit = total revenue - explicit costs
• B)economic profit = total revenue - implicit costs
• C)economic profit = total revenue - explicit costs
• D)Both a and b are correct.

Articulate how to handle objections through exemplary responses to common objections.

Distinguish between practical and psychological objections.

Define cost calculation and value perception in sales context.

Understand the importance of transitioning smoothly after handling objections.

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Definitions:

Cognitive

Relating to mental processes such as perception, memory, thinking, and problem-solving.

Psychodynamic

A psychological perspective that emphasizes the influence of the unconscious mind on behavior and the importance of childhood experiences.

Sociocultural Approach

A perspective in psychology that examines the ways in which social and cultural environments influence behavior, cognition, and emotions.

Learning

The process of acquiring new understanding, knowledge, behaviors, skills, values, attitudes, and preferences.