Order Takers

question 59

Multiple Choice

Order takers:

• A) are not necessary if the firm has good order getters.
• B) are the routine contact people in the sales force.
• C) usually don't call on customers.
• D) do not require any specialized training.
• E) All of these alternatives are correct.

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Definitions:

Income Elasticity of Demand

A measure of how the quantity demanded of a good changes in response to a change in consumers' income.

Inferior Good

A type of good whose demand decreases as the income of consumers increases, contrasting with normal goods.

Supply

The total amount of a good or service that is available for purchase at any given price.

Perfectly Inelastic

Describes a situation where the quantity demanded or supplied does not change in response to a price change.