Which Is NOT an Example of Asymmetric Information

question 92

Multiple Choice

Which is NOT an example of asymmetric information?

• A) an employer not knowing which job candidate will do the best job
• B) a used car buyer not knowing the maintenance history of a car for sale
• C) a shopper not knowing the quality of the washing machine he is considering buying
• D) a doctor prescribing a medication for a patient

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Definitions:

Personal Selling

A form of direct marketing where sales representatives interact directly with customers to present products or services, aiming to achieve a sale.

Marketing Communications

The variety of techniques and tools businesses employ to inform, persuade, and remind consumers about their products or services.

Strong Relationships

The development of deep connections characterized by mutual trust, respect, and understanding, often resulting in long-term partnerships or loyal clientele.

Buying Mode

The approach or process that consumers adopt when making a purchasing decision, often influenced by factors such as product type and buying situation.