Examlex
Which of the following statements about the salesperson's role in the organization is true?
Preferences
Describes individuals' choices and priorities among different bundles of goods and services.
Indifference Curves
A graph showing a series of lines that represent different bundles of goods between which a consumer is indifferent.
Diminishing Marginal
Refers to a principle where the marginal gain (such as utility or productivity) from an additional unit decreases as more units are consumed or produced.
Transitivity
Transitivity in decision-making implies that if a person prefers option A over B, and B over C, then the person should also prefer A over C, forming a consistent order of preferences.
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