Each of the Following Groups of Things Has Been Divided

question 30

Multiple Choice

Each of the following groups of things has been divided according to a single basis of classification. However, one item in each group does not belong; it does not fit that single basis of classification. Read each group of items carefully; then, select the letter of the one item that does not belong. Next, select the single basis of classification that includes the rest of the group.
-Library resources

• A) non-fiction
• B) printed books
• C) online publications
• D) DVDs

Identify and explain marginal utility and how it influences consumer choice.

Distinguish between total utility and marginal utility and their calculation.

Grasp the economic principle of diminishing marginal utility.

Understand consumer surplus and its implications on consumer satisfaction.

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Definitions:

Salesforce Einstein

An artificial intelligence technology developed by Salesforce to enhance CRM (Customer Relationship Management) tasks through predictive analytics and machine learning.

Third-party Solution

Refers to a product or service provided by a company other than the one that originally created or manufactured the primary product or platform.

NFC

Short for Near Field Communication, a set of communication protocols that enable two electronic devices to establish communication when they are within 4 cm of each other.

CRM

Customer Relationship Management, a strategy for managing an organization's relationships and interactions with current and potential customers.