Explanation

Multi-level Marketing (MLM) or network marketing, is individuals selling products to the public - often by word of mouth and direct sales.

The main idea behind the MLM strategy is to promote a maximum number of distributors for the product and exponentially increase the sales force.

ND5-09-2023

Explanation

Non-durable goods are tangible goods that are low priced and normally consumed in one or few uses every day or any time of the day such as:

soaps,

biscuits,

shampoos,

deodorants,

Explanation

A blind ad is a job advertisement that contains no identifying information about the employer placing the ad. 

Explanation

Simply put, the zone of tolerance is the gap between two levels of customer expectations – the desired service and adequate service.

ND5-09-2023

Explanation

Applied research refers to scientific study and research that seeks to solve practical problems.

An example of this would be a researcher who is tasked with finding ways to increase student involvement in the classroom.

Explanation

Diversification is a strategy that mixes a wide variety of investments within a portfolio in an attempt to reduce portfolio risk. 

Diversification is most often done by investing in different asset classes such as stocks, bonds, real estate, or cryptocurrency.

Explanation

Alfred Marshall was famously known for his principle of economics theory and propounded the theory of consumer surplus

Alfred Marshall FBA was an English economist and was one of the most influential economists of his time. 

Born: July 26, 1842, London, United Kingdom

Died: July 13, 1924, Cambridge, United Kingdom

ND5-09-2023

Explanation

when government revenue exceeds government expenditure, it is known as surplus budget.

A budget surplus often refers to the financial states of governments; individuals prefer to use the term 'savings' instead of the term 'budget surplus.

Explanation

Current assets: Assets that can be converted into cash easily within a short time say one year are called current assets.