If Capacity Utilization Is 95 Percent

question 146

Multiple Choice

If capacity utilization is 95 percent,

• A)the unemployment rate will be below the natural rate of unemployment.
• B)the unemployment rate will equal the natural unemployment rate.
• C)real GDP equals potential GDP.
• D)workers will be laid off.
• E)real GDP is below potential GDP.

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Definitions:

Personal-Selling Process

A direct marketing approach that involves face-to-face interaction between a salesperson and potential customers to engage and convert them into buyers.

Suggestion Selling

A sales technique where the seller recommends additional products or services to the customer, potentially enhancing the customer's purchase experience and increasing sales.

Handling Objections

The process of addressing and overcoming objections or concerns raised by a potential client or customer.

Breakeven Point

The point at which total cost and total revenue are equal, meaning no net loss or gain is incurred.