The Textbook Offers a Series of Tips Relating to Bringing

question 72

Multiple Choice

The textbook offers a series of tips relating to bringing up the product price in a positive light.Which of the following statements are NOT considered best practices to use with a prospect?

• A)"our rates are only 1% above prime rates"
• B)"we offer various monthly payment plans that will appeal to you"
• C)"you can pay the full price over a series of payments"
• D)"the payment is only $200.00 per month"
• E)"we will offer you $2500.00 to trade in your existing car"

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Definitions:

New Class of Consumers

Emerging segments of the market population with distinct characteristics, behavior patterns, or purchasing preferences not previously accounted for.

Market-Creating Innovations

Innovations that create new markets through meeting previously unfulfilled needs or establishing new types of products or services.

Long-Term Metrics

Key performance indicators or measurements that track progress towards goals set for a future horizon, emphasizing sustainability and long-term value creation.

Generating Profits

The process by which a business generates a financial gain, typically through the sale of goods or services more than the cost of production.