The Term Given to Making and Using Contacts for the Purpose

question 94

Multiple Choice

The term given to making and using contacts for the purpose of prospecting is:

• A) observing.
• B) approaching.
• C) telemarketing.
• D) influencing.
• E) networking.

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Definitions:

Elastic

A term describing a situation where the demand or supply of a good or service changes significantly when its price changes.

Higher Taxes

Increased rates or amounts of taxes imposed by governments on individuals, corporations, or transactions.

Inelastic

Inelastic refers to a situation in which the quantity demanded or supplied of a good or service is relatively unresponsive to price changes.

Quantity Demanded

The total amount of a good or service that consumers are willing to purchase at a specific price level, at a given point in time.