Selection Procedures That Provide Economic Value Greater Than the Cost

question 107

True/False

Selection procedures that provide economic value greater than the cost of using them are said to have utility.

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Definitions:

Negotiation

The process by which the buyer and the seller reach a mutually satisfactory agreement.

Forestall

To prevent, hinder, or obstruct an event, action, or outcome by taking advanced or anticipatory measures.

Objections

Concerns, hesitations, or reasons a potential customer has for not making a purchase, which a salesperson aims to overcome through objection handling techniques.

Setting A Condition

Establishing a specific requirement or criteria that must be met in a given situation or agreement.