When Tom's Income Is $20,000, He Spends $18,000 and When

question 7

Multiple Choice

When Tom's income is $20,000, he spends $18,000 and when his income increases to $30,000, he spends $23,000. His MPC is

• A)0.3.
• B)0.5.
• C)0.65.
• D)0.77.
• E)0.90.

---

Definitions:

Personal Selling Process

A direct marketing approach involving face-to-face interaction to promote and sell products or services to customers.

Prospecting

The act of looking for prospective customers, clients, or purchasers with the aim of generating new business opportunities.

Potential Leads

Individuals or entities that could become customers, showing an interest in a product or service but not yet having made a purchase.

Salesforce Training

The process of educating sales personnel on product knowledge, sales techniques, and customer service skills.