According to the Golden Rule of Selling,which of the Following

question 89

Multiple Choice

According to the Golden Rule of Selling,which of the following is essential for building a true relationship between the buyer and seller?

• A) Organized presentations
• B) Value pricing
• C) Qualified salespeople
• D) Continuous interaction
• E) Ethical service

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Definitions:

Independently Acting Buyers

are consumers who make purchasing decisions based on their own preferences and circumstances, without coordinating with others.

Freedom to Enter

The condition in a market where new firms can enter the industry without facing prohibitive barriers or regulations.

Opportunity Costs

The cost of forgoing the next best alternative when making a decision or choosing between options.

Diminishing Marginal Utility

The principle that as a consumer consumes more of a good or service, the additional satisfaction gained from each additional unit decreases.