Direct Selling Is Likely to Continue to Grow in Markets

question 30

Multiple Choice

Direct selling is likely to continue to grow in markets:

• A)where retail chains carry similar products at discount rates.
• B)where convenience is not important.
• C)where there is a lack of effective distribution channels.
• D)in which consumers are knowledgeable shoppers.

Comprehend the impact of digital application processes on résumé design and formatting.

Recognize various résumé formats and know when to use them.

Understand the different types and purposes of resumes and CVs.

Recognize the importance of accurate and truthful information on résumés.

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Definitions:

Demand Curve

A graphical representation showing the relationship between the price of a good and the amount of that good consumers are willing to buy.

Support Price

A price level set by governments in order to maintain the market price of a good or service at a particular minimum level to protect producers.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service versus what they actually pay, measuring the benefit to consumers from participation in the market.

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, resulting in market equilibrium.