INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following situations is most likely to result in long-term, increased sales for a business:
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Raising the price of its current products
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Constantly providing new choices for consumers
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Lowering the price of its current products
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Eliminating a slow-selling product line
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Explanation:
Detailed explanation-1: -Building a clientele helps to reduce selling costs, not increase them.
Detailed explanation-2: -Product information can be found through four channels: direct experience, written publications, other people, and formal training. In addition, product demonstrations or product manufacturing can help a salesperson acquire product information. Printed materials can include user guides, warranties, catalogs and labels.
There is 1 question to complete.