List and Define Any Two of the Costs of High

question 39

Essay

List and define any two of the costs of high inflation.

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Definitions:

Sales Response Function

The relationship between sales volume and sales calls.

Sales Volume

Refers to the total number of units of a product or service sold by a company during a specific time period.

Prospects

Potential customers or clients who have been identified as fitting the target market and who may have an interest or need for a company’s product or service.

Technology

The application of scientific knowledge for practical purposes, especially in industry and the creation of tools, machines, and software to solve problems or improve existing solutions.