Economic rent is the difference between _____________ and ________________.

Assume that a consumer purchases a combination of products Y and Z and that the MU y/ Pᵧ = 22 and MU z/ P_z = 25. To maximize utility, without spending more money, the consumer should

A) purchase less of Z and more of Y.
B) purchase more of Z and less of Y.
C) purchase more of both Y and Z.
D) make no change in the quantities Y and Z.

Organizations pursuing a cost leadership strategy seek a competitive advantage by directing the organization's resources and attention toward minimizing costs to operate more efficiently than the competition.

When providing a buyer with information about a product, which of the following questions is LEAST relevant for the salesperson to consider?

A) What product attributes are important in the buying decision?
B) What moral development level is needed for the buying decision?
C) What are the prospect's attitudes toward the product?
D) What level of satisfaction is expected from buying the product?
E) What are the prospect's attitudes about a competitor's products?

What is the small business manager's priority when purchasing?

A) best value
B) lowest price
C) highest quality
D) highest price

A low scope job would have a low motivating potential score.