If Jason Can Wash a Car in 20 Minutes and Wash

question 61

Multiple Choice

If Jason can wash a car in 20 minutes and wash a dog in 10 minutes and Megan can wash a car in 15 minutes and wash a dog in 15 minutes,which of the following statements is true?

• A)The opportunity cost of washing a car is greater for Megan.
• B)The opportunity cost of washing a car is one dog bath for Jason.
• C)Megan could wash two cars in the time it takes Josh to wash a dog.
• D)Jason has both a comparative and an absolute advantage in washing a dog.
• E)The opportunity cost of washing a dog is lower for Jason.

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Definitions:

Personal Selling Process

describes the sequence of steps salespeople follow to persuade potential customers to purchase a product or service.

Cultural Setting

The environment and context influenced by societal norms, values, practices, and beliefs in which individuals or groups operate.

Stimulus-Response Selling

A sales technique that focuses on triggering a positive customer response through specific stimuli or cues.

Social Selling

The practice of using social media networks to identify, connect with, understand, and nurture sales prospects.