Which of the Following Is a Relevant Qualitative Factor in a Special

question 87

Multiple Choice

Which of the following is a relevant qualitative factor in a special order decision?

• A) The cost of constrained resources
• B) The effect of production processes on the political environment
• C) The effect of production processes on the legal environment
• D) How easily customers might share price information

Recognize the significance of trial closes in sales presentations.

Comprehend the organizational buying process and its guidelines.

Identify the difference between product advantages, benefits, and features.

Understand the impact of psychological, social, and economic factors on buying behavior.

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Definitions:

Thorstein Veblen

An American economist and sociologist known for his theory of the leisure class and criticisms of capitalism.

Milton Friedman

An influential American economist known for his strong advocacy of free-market capitalism and for his role in the Chicago School of Economics.

John Maynard Keynes

A British economist whose theories on the importance of government intervention in economies during downturns led to the development of Keynesian economics.

Marginal Propensity

The ratio of the change in an economic agent's consumption as a result of a change in income, influencing saving and spending habits.