Eugene Is a Salesperson for APM Industries

question 71

Multiple Choice

Eugene is a salesperson for APM Industries. He sells machines for molding plastic furniture. APM has developed a machine that is 50 percent smaller than what is currently on the market and costs 25 percent more. It is Eugene's job to show potential customers how the new machine will save them money in the long run. He must be able to address each customer's needs with technical know-how and an ability to communicate his knowledge. Ephraim is an example of a(n) :

• A) retail salesperson.
• B) detail salesperson.
• C) sales engineer.
• D) service salesperson.
• E) account representative.

---

Definitions:

Efficient Outcome

In economics, a scenario where resources are allocated in a way that maximizes productivity and utility, leaving no room for improvement without making someone worse off.

Cheating

The act of being dishonest or unfair in order to gain an advantage, often violating rules or expectations.

Simultaneous-Move Game

A type of game in strategic game theory where all players make their decisions at the same time without knowledge of the other players' choices.

Nash Equilibrium

A concept in game theory where no player can benefit by changing strategies while the other players keep theirs unchanged, leading to a situation where all players' choices are optimal given the choices of others.