Salespeople called visit customers and replenish inventory stocks of resellers, such as retailers or wholesalers.

Based on the supply and demand theory, why do medical doctors earn higher wages than child-care workers?

Choose the statement that is incorrect. a. search activity occurs only in markets where there is a shortage. b. when a price is regulated and there is a shortage, search activity increases. c. the time spent looking for someone with whom to do business is called search activity. d. the opportunity cost of a good is equal to its price plus the value of the search time spent finding the good.

Arestaurant that creates a new type of sandwich is using (blank) as a method of competition.