Figure 3-1 -Refer to Figure 3-1.If the Product Represented Is an Inferior

question 297

Multiple Choice

Figure 3-1
-Refer to Figure 3-1.If the product represented is an inferior good,a decrease in income would be represented by a movement from

• A)A to B.
• B)B to A.
• C)D1 to D2.
• D)D2 to D1.

---

Definitions:

Warranty Terms

The conditions under which a manufacturer or seller agrees to repair, replace, or refund a purchased product within a specified time frame if it fails to meet stated quality and performance standards.

Accept the Objection

A technique in sales and negotiation where one acknowledges an objection raised by another party as valid, but then proceeds to address it or mitigate its impact.

Salesperson

An individual who sells products or services directly to customers, often aiming to meet specific sales targets.

Lighter

A portable device used to create a flame for the purpose of lighting something, such as a cigarette or a candle.