Other Things the Same,an Increase in the Price Level Makes

question 2

Multiple Choice

Other things the same,an increase in the price level makes consumers feel

• A)less wealthy,so the quantity of goods and services demanded falls.
• B)less wealthy,so the quantity of goods and services demanded rises.
• C)more wealthy,so the quantity of goods and services demanded rises.
• D)more wealthy,so the quantity of goods and services demanded falls.

---

Definitions:

Personal Selling Process

A series of steps salespeople follow to engage potential buyers, understand their needs, and close sales, including prospecting, approaching, presenting, handling objections, and closing.

Apple Store

Retail outlets owned by Apple Inc., offering a variety of Apple products, accessories, and services.

Closing

The final step in a sale process where the transaction is concluded and the goods or services are exchanged for payment.

Approach

A method or strategy used in tackling a problem or in the initial stage of an engagement or negotiation.