A Period of Significant Decline in Economic Activity-Marked by Falling

question 101

Multiple Choice

A period of significant decline in economic activity-marked by falling GDP, rising unemployment, and an increased number of bankruptcies-is called:

• A) a severe depression.
• B) a recession.
• C) an expansion.
• D) a boom.

---

Definitions:

Sales Process

The sequence of steps or stages a salesperson follows from the initial customer contact to closing the sale.

Sales Presentation Method

A systematic approach used by salespeople to communicate the value of a product or service to potential buyers, often involving demonstrations, visuals, and tailored messages.

Sales Approach

The strategy or method used by a salesperson to engage potential customers and persuade them to purchase a product or service.