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Suppose Erie Textiles can dispose of its waste "for free" by dumping it into a nearby river.While the firm benefits from dumping waste into the river,the waste reduces the fish and bird reproduction.This causes damage to local fishermen and bird watchers.At a cost,Erie Textiles can filter out the toxins,in which case local fishermen and bird watchers will not suffer any damage.The relevant gains (in thousands of dollars) and losses for the three parties are listed below.
Refer to the information given above.When Erie Textiles operates with a filter,the total daily gain (in thousands of dollars) by all three parties is _______.
Product
A tangible good or intangible service that is offered to the market for acquisition, attention, use, or consumption and that might satisfy a want or need.
Question Approach
A sales technique involving the use of strategic questions to engage a potential client and uncover their needs or objections.
Problem-Solution Presentation
A method of selling where the salesperson highlights the issues the potential customer is facing and presents their product or service as the solution, effectively addressing the customer's needs.
Direct Negative-No
A straightforward or unambiguous refusal or rejection, often used in the context of sales or negotiations.
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