There are different aspect of sales. The personal sales channel have you chosen as a career is Field selling.
There are different kinds of selling. they include;
Transactional sellingConsultative sellingField selling Collaborative selling, etc.Field marketing which is commonly described as field selling is known to be an old method in direct marketing. It is when people are involved in distributing, auditing, selling etc., on the field. It is known to be a one-way communication tool.
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Weather: Current weather pattern continues through midnight, then partial clearing. Highs in the mid 40s, lows in the high 30s. Chance of precipitation 60% through midnight, reducing to 40% after midnight. Expected precipitation next 24 hours .75 inches. Winds from the west 10-15 mph. Safety Message: Avoid skin contact with floodwaters. Drive with lights on. Watch for downed power lines in flood vicinity. Carry personal flotation devices. Monitor City radio frequency F2 for safety updates. What information would you add to this summary of current actions?
Answer:
mhmududhdjsjsjjsjsjsjsjjsjsjs
Suppose that eight workers can manufacture 70 radios per day and that nine workers can manufacture 90 radios per day. If radios can be sold for $20 each, the value of marginal product of the ninth worker is a. $200. b. 20 radios. c. 90 radios. d. $400.
Answer:
d. $400.
Explanation:
The computation of the value of marginal product of the ninth worker is given below:
= (90 radios × $20) - (70 radios × $20)
= $1,800 - $1,400
= $400
Hence, the value of marginal product of the ninth worker is $400
Therefore the option d is correct
Sandy's Soda Co. is planning to purchase new equipment that costs $56,000 and will save on operating costs for the next 5 years as follows: $21,500 in year 1; $23,100 in year 2; $19,000 in year 3; $13,900 in year 4; and $15,200 in year 5. The payback period for the cooling equipment is ______ years.
Answer:
It will take 2.6 years to cover the initial investment.
Explanation:
Giving the following information:
Initial investment= $56,000
Cash flows:
Cf1= $21,500
Cf2= 23,100
Cf3= $19,000
The payback period is the time required to cover the initial investment.
Year 1= 21,500 - 56,000= -34,500
Year 2= 23,100 - 34,500= -11,400
Year 3= 19,000 - 11,400= $7,600
To be more accurate:
(11,400/19,000)= 0.6
It will take 2.6 years to cover the initial investment.
The payback period is the time interval or the time taken by the business to recoup its investment amount and earn profits after the determined payback period. It is the measurement tool used by the investors and financial experts to know the investment returns.
The payback period for the cooling equipment is 2.6 years.
Computation:
Given:
Initial investment= $56,000
Cash flows of 5 years.
The payback period schedule is attached in the image below.
[tex]\text{Payback period}=\text{Year of payback}+\dfrac{\text{Final amount}}{\text{Cash flow of next year}}\\\\=2\;\text{years}+\dfrac{\$11,400}{\$19,000}\\\\=2.06\;\text{years}[/tex]
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A travel company sells tours in Costa Rica on its website. Instead of designing the website themselves, the company hired an outside software development company to design, run, and manage the website for them. This is an example of Multiple choice question. accessing capabilities through a collaborative partnership. matching organizational structure to strategy. acquiring capabilities through mergers and acquisitions. internal development.
A 20 percent increase in the price of flour reduces flour consumption by about 10 percent. Such a price increase causes households to Group of answer choices spend less on flour. spend more on flour. spend the same amount on flour as before. consume more goods like salt and baking powder, which are flour complements.
Answer:
spend more on flour.
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
10 / 20 = 0.5
Demand is inelastic
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one.
Consumers would spend more on flour due to the increase in price and the fact that demand is inelastic.
Other types of price elasticity of demand are :
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.
Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases
Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price.
Explain the importance of leisure activities.
Answer:
leisure activities improve the productivity of people
Explanation:
if you feel stressed and then go to a water park, you will get less stressed right?
what is a sole trader?
Answer: A person who owns and runs a business, which is normally a small business (eg. Shop Owner).
The sole trader has unlimited liability, meaning that his assets will be used in case of default to pay.
Suppose the government wants to increase​ farmers' incomes. Why do price supports or​ acreage-limitation programs cost society more than simply giving farmers​ money? A. A price support reduces the quantity demanded by​ consumers, which results in a loss of surplus that is not captured by farmers or consumers. Giving farmers money results in a smaller deadweight loss because it is merely a redistribution of surplus from one group to the other. B. A price support forces an increase in demand by​ consumers, which results in a loss of consumer surplus that is not captured by farmers​ (deadweight loss). Giving farmers money results in a smaller deadweight loss because it is merely a redistribution of surplus from one group to the other. C. A price support forces an increase in demand by​ consumers, which results in a loss of consumer surplus that is not captured by farmers​ (deadweight loss). Giving farmers money​ doesn't result in any deadweight loss but is merely a redistribution of surplus from one group to the other. D. A price support reduces the quantity demanded by​ consumers, which results in a loss of surplus that is not captured by farmers or consumers. Giving farmers money​ doesn't result in any deadweight loss but is merely a redistribution of surplus from one group to the other.
Answer:
A.
Explanation
The price supports or acreage-limitation programs would cost society more than simply giving farmers money because "A price support reduces the quantity demanded by consumers, which results in a loss of surplus that is not captured by farmers or consumers. Giving farmers money results in a smaller deadweight loss because it is merely a redistribution of surplus from one group to the other."
This is based on the fact that usually price supports lead to massive production and smaller consumption because consumers tend to buy less of any good as price increases, thereby turning to overproduction at the support price.
Both competitive firms and monopolies produce at the level where marginal cost equals marginal revenue. Then, other things remaining the same, why is price lower in a competitive market than in a monopoly? A. Competitive markets face perfectly elastic demand and marginal revenue, while monopolies face downward-sloping demand and marginal revenue. B. Competitive markets face perfectly inelastic demand and marginal revenue, while monopolies face perfectly elastic demand and marginal revenue. C. The government puts a cap on how much a competitive firm can charge, while a monopolist can charge any price it chooses. D. A competitive market sets its price where marginal cost equals demand, while a monopolist sets its price where marginal cost equals marginal revenue.
Answer:
A. Competitive markets face perfectly elastic demand and marginal revenue, while monopolies face downward-sloping demand and marginal revenue.
Explanation:
In the case when competitive firms and monopolies generated at the level in which the marginal cost is equivalent to marginal revenue keeping the other things constant so the price should be less in the competitive market as compared to the monopoly because in the competitive markets it face perfectly elastic demand but in the monopoly it face the down ward sloping demand curve
Therefore the option a is correct
____________ is a completely inadequate mechanism ____________________ in a modern advanced economy. Question 21 options: Currency; for providing a medium of exchange Money; for providing a store of value Barter; for trying to coordinate trades Money; to use as a unit of account
Answer:
Barter; for trying to coordinate trades
Explanation:
The barter is the system where the goods or services are exchanged with another goods or services. Here no money involvement is there
Only goods or services are exchanged with the different good or services
So it is a complete non-adequate mechanism and it should be tried for coordinating the trades
Therefore the above option should be considered
Which school faculty member should you talk to about enrolling in an AP
course?
Answer: The guidance counselor
Explanation:
Social worker is someone who helps people cope with the challenges tahtnthwy face in their lives. Social workers work with people who have addiction issues, people with disabilities, children etc.
A paraprofessional refers to someone who's specially trained to support students in school. Such oeeosn can be a teaching assistant, special education paraprofessional etc.
A registrar is the keeper of records in an educational institution whinis charged with the responsibility of registering students, and keeping their academic records.
The guidance counselor is a professional who provides career, academic, and social-emotional competencies to the students in a schoool through counseling. Such person is the faculty member smtaht you should talk to about enrolling in an AP.
course?
The primary reason economists invoke the six assumptions of the perfect price competition model is because: A. To illustrate the possibility of monopoly in a free market. B. To illustrate the impossibility of monopoly in the free market. C. To tum scatter diagrams into continuous graphs with one market price. D. To tum the firms demand curve into the markets demand curve. E. To tum the ' law of demand ' into the ' law of suppl
Answer:
To tum scatter diagrams into continuous graphs with one market price.
Explanation:
The main reason when the economist include the six assumptions with respect to the perfect price competition model i.e. large no of buyers & sellers, same kind of product, perfect knowledge, free entry or exit, absence of selling cost, and no discirmination
So this is due to when the scatter diagram would be transform into the continous graphs having one single price
Having a __________ to give you information and encouragement can contribute to a successful career. [ Choose ] Review your ___________ carefully so you know what your duties are. [ Choose ] The _____________ gives the employer and employee a chance to see how things are working out for each of them. [ Choose ] _________ includes learning activities that help you improve your career knowledge and performance. [ Choose ] New hires are likely to be part of a/an _______ of professionals working together. [ Choose ] A/an _______ is a person who serves as a positive example or professionalism [ Choose ] Check the ________ to learn about the organization in which you work. [ Choose ] Going through a/an __________helps both of you and your employer track your progress [ Choose ] Honesty and morality are signs of _______, an important quality for the employee [ Choose ] Employees should always ________ for their work.
Answer:
Profession
Job descriptions
Objectives
team
professional
company manual
appraisal
professionalism
be integrity
Explanation:
An employee is a professional who is qualified with skills that are required for a certain jib. He is assigned his job description when he is hired and it is expected that he will be able to perform his duties with integrity and objectivity.
It is okay to wear disposable gloves if: You wash hands first and discard gloves between tasks You dispose of the gloves often while preparing foods The handwashing sink is broken or missing soap Your hands are dirty and you are too busy to wash them
Compare the sources of consumer credit travel and entertainment credit revolving check credit closed-end credit
Answer:
The source of consumer credit is credit obtained on services like banking, insurance and travel.
Explanation:
Source of consumer credit are savings, credit union, sales , life insurance and loans etc. Entertainment credit is a state provided naturla pension credit union its controlled by the members. Is a loan or a form of credit, where the fund is dispersed in full when the loan is closed and must be given back.Aesha works for a moderately priced running shoe manufacturer and while their products are lower in cost, there is a high degree of consumer pressure to create the best quality running shoes possible and to constantly innovate with new designs. Which aspect of Porter’s Diamond does this demonstrate
Answer:
Demand conditions
Explanation:
Demand conditions means the size and the nature of the customer base for the products that could result in innovation and the improvement related to the product.
Since in the given situation it is mentioned that their products contains less cost but they develop the best quality shoes also they innovate the products from time to time so this represent the demand conditions
Acquiring a firm that sells a substitute good will (1pts) Question 19 - Acquiring a firm that sells a substitute good will Select c) Make MR>MC as your answer c) Make MR>MC Select a) Make the demand curve more inelastic as your answer a) Make the demand curve more inelastic Select d) Will have no effect on the demand curve as your answer d) Will have no effect on the demand curve Select b) Make the demand curve more elastic as your answer b) Make the demand curve more elastic
Answer:
Make the demand curve more inelastic
Explanation:
Substitute goods are goods that can be used in place of another good.
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
Acquiring a firm that sells a substitute good will reduce the amount of competition a firm's good faces so consumers would have less options of goods available to purchase. This makes their demand more inelastic. If price increases, consumers have little or no options they can substitute to, so they continue to demand for the product.
Economies of scale can arise from: Group of answer choices High prices on bulk purchases of raw material inputs and component parts. An advantage gained by spreading fixed production costs over a large production volume. Poor production operations. Increased spending on marketing and advertising activities.
Answer:
An advantage gained by spreading fixed production costs over a large production volume.
Explanation:
Economies of scales refer to that scale where the larger quantity of an output having similar level fo fixed cost cause in less cost per unit. It could be occured from an advantage that could be benefit by distributing the fixed production cost over and above to the wider production volume
Therefore the above statement should be considered
A condo owner, a citizen of State A, hired an electrician, a citizen of State A, and a gas worker, a citizen of State B, to fix the wiring in his condo and install a new gas stove. Unfortunately, the condo burned down while they were working on it. The condo owner sued the gas worker for negligence, seeking $100,000. The gas worker files a motion to dismiss the case for failure to join the electrician, alleging that he contributed to the fire. How should the court rule
Answer:
Deny the motion, because the electrician is not a necessary party.
Explanation:
A necessary party is defined as a party that is required to be joined as part of a case and without who a case cannot be decided.
The party must be indispensable in the ruling to be considered as being required to be joined.
However in this scenario either electrician or the gas worker can be held entirely responsible for the fire. So the case can be satisfactorily decided without joining the electrician.
The home owner can raise a seperate case against the electrician if he so feels in the future.
If a firm or a nation desires to maximize its output, each productive assignment should be carried out by those persons who Group of answer choices have the highest opportunity cost. have a comparative advantage in the productive activity. can complete the productive activity most rapidly. least enjoy performing the productive activity.
Answer:
have a comparative advantage in the productive activity.
Explanation:
A person has comparative advantage in production if it produces at a lower opportunity cost when compared to other people. It means that the person is more efficient in the production of that good when compared with other people.
For example, farmer A produces 10kg of lettuce and 5kg of wheat. Country B produces 5kg of lettuce and 10kg of wheat.
for farmer A,
opportunity cost of producing lettuce = 5/10 = 0.5
opportunity cost of producing wheat = 10/5 = 2
for farmer B,
opportunity cost of producing lettuce = 5/10 = 0.5
opportunity cost of producing wheat = 10/5 = 2
Farmer A has a comparative advantage in the production of lettuce and farmer B has a comparative advantage in the production of wheat
Farmer A should produce lettuce and farmer B should produce wheat in order to maximise output
The practitioner completes an incision and drainage of a patient's infected right heel, which tested positive for MRSA. What statement is true regarding how the perioperative team should perform postoperative cleaning after this patient leaves the OR?
Answer:
after the patient leave
Based on expected production of 6,000 units, a company reports the following costs: direct materials cost of $4 per unit, direct labor cost of $8 per unit, variable overhead cost of $3 per unit, fixed overhead of $60,000 per year, variable selling and administrative expenses of $2 per unit, and fixed selling and administrative expenses of $20,000 per year. There is no beginning inventory. If 4,000 units are sold at $40 per unit, what is net income under absorption costing
Answer:
Net operating income= $32,000
Explanation:
The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
First, we need to calculate the unitary fixed overhead and unitary total cost:
Unitary fixed overhead= 60,000 / 6,000= $10
Unit product cost= direct material + direct labor + total unitary overhead
Unit product cost= 4 + 8 + 3 + 10
Unit product cost= $25
Now, the net operating income:
Net operating income= Sales - COGS - Total variable selling and administrative expenses
Net operating income= 4,000*40 - 25*4,000 - (2*4,000 + 20,000)
Net operating income= 160,000 - 100,000 - 28,000
Net operating income= $32,000
Zupiter Corp. follows a culture that requires strict adherence to rules and regulations with fixed time schedules for daily activities. The firm is highly efficient and places emphasis on being economical. It conducts its business in a methodical manner. In the given scenario, Zupiter Corp. is said to have the
Answer:
consistency corporate culture.
Explanation:
Since in the situation it is given that the corporation follows the culture that means they are strict to the rule and regulations along with the time scheduling that are fixed for day to day activities so that the business could be conducted in the methodical manner so here we can say that the culture of the corporate is consistent that means it is same as before and the same should be applied in near future
Bryan works as a salesman for Jumbo Corp. Last year his sales target was $3 million. This year in an aggressive bid for growth, the company increased the sales quota for all its sales people to $5 million, although the market for Jumbo Corps products had slowed. In order to meet his target, Bryan bribed an official of a potential customer. The roots of his unethical behavior can be traced to ___ cultural differences in countries. varying ethical standards in different nations. unrealistic performance goals. strong personal ethics among employees.
Answer:
unrealistic performance goals.
Explanation:
Unethical action is defined as one that is carried out by an individual that is seen as wrong or outside of expected behaviour in a particular environment.
In the given scenario Bryan bribed an official of a potential customer.
However his action is as a result of the company increasing the sales quota from $3 million for all its sales people to $5 million.
This is despite the market for Jumbo Corps products having slowed.
The target was unrealistic driving Bryan to take the action he did
To prepare for an overseas assignment, employees will often role play various situations and practice responding in culturally sensitive ways. This process is most effective when the trainer can include people from the actual host country to help. The goal is to duplicate as closely as possible scenarios that the employees may face, such as having to question or reprimand a local employee, making a presentation to host country upper-level managers, or approaching a person of the opposite gender in countries where the sexes do not mix as freely as in the United States. This process is called
Answer:
Cultural simulation training
Explanation:
In the case of Cultural simulation training, the employees could take part in the role playing that involved the different kind of situations. Here the effectiveness of the training should be rised up various kind of folds at the time when the training is to be done in the host country
The purpose is to develop the platform where the employee could face during the time of visit in a diffrent country
So, its a cultural simulation training
Crane Company produces three versions of baseball bats: wood, aluminum, and hard rubber. A condensed segmented income statement for a recent period follows: Wood Aluminum Hard Rubber Total Sales $540000 $230000 $65000 $835000 Variable expenses 340000 170000 58000 568000 Contribution margin 200000 60000 7000 267000 Fixed expenses 75000 35000 22000 132000 Net income (loss) $125000 $ 25000 $(15000) $135000 Assume all of the fixed expenses for the hard rubber line are avoidable. What will be total net income if the line is dropped
Answer:
the net income in the case when the line is dropped is $150,000
Explanation:
The computation of the net income in the case when the line is dropped is as followS:
= Total net income + fixed cost of hard rubber - contribution margin of the hard rubber
= $135,000 + $22,000 - $7,000
= $150,000
hence, the net income in the case when the line is dropped is $150,000
Sheffield Corporation retires its $980000 face value bonds at 104 on January 1, following the payment of annual interest. The carrying value of the bonds at the redemption date is $1016701. The entry to record the redemption will include a debit of $39200 to Premium on Bonds Payable. credit of $2499 to Loss on Bond Redemption. debit of $2499 to Loss on Bond Redemption. credit of $39240 to Premium on Bonds Payable.
Answer:
credit of $36,701 to Discount on Bonds Payable
Explanation:
Dr Bonds payable $980,000
Dr Loss on bond redemption $2,499
[$1,016,701-($980,000 x 104%)
Cr Discount on bonds payable $36,701
($1,019,200-$980,000-$2,499)
Cr Cash $1,019,200
($980,000 x 104%)
The entry to record the redemption will include
a credit of $36,701 to Discount on Bonds Payable
Geoff's fiancée, Susan, comes to meet his parents for the weekend. On Saturday morning, while using Geoff's mother's hair dryer, the blower short-circuits sending sparks across the guest room. Susan's angora sweater and her hands are covered with tiny burns. Susan's mother is a lawyer and wants her to sue the seller of the dryer for breach of warranty. Can she?
Answer:
Yes, since she is a guest in the home of the buyer, the warranties would extend to her in most states.
Explanation:
Warranty
This is simply known as a type of duty or statement of other representation that is made by the seller or places by law on goods and services mainly concerning the aspect of quality, characteristics, strength and ownership of goods and services. It is often regarded also as a duty or obligation of the seller to the buyer in terms of title, quality, characteristics, or conditions of goods.
Types of warranty
1. Express Warranty
2. Implied Warranty of Title
3. Implied Warranty of Merchantability
4. Implied Warranty of Fitness for a Particular Purpose
Express Warranty
This is simply refered to as the description of the goods that is made part of the basis of the negotiation does bring about an express warranty that the goods will adhere to the description or defined it as an agreement of fact or promise in relation to the goods that becomes part of reasons of negotiation therefore brings about express warranty that goods will adhere to 3 things mainly:
1. Affirmation of Fact
2. Description
3. Sample or model
The present value index is computed as ________. total present value of net cash flow divided by amount to be invested cost divided by amount to be invested total future value of net cash flows divided by amount to be invested None of these choices are correct.
Answer:
total present value of net cash flow divided by amount to be invested
Explanation:
The formula to determine the present value index is given below:
Present value index is
= Total present value of net cash flow ÷ initial investment
It is the method that should be applied for an investment decision for capital rationing
So, the first option is correct
Which of the following is a direct financial interest? An interest where the individual is not the record owner but has a right to some or all of the underlying benefits of ownership
Answer: One owned directly by the covered member (even if managed by others.
Explanation:
A direct financial interest refers to the financial interest which is owned directly by an individual, under the control of an individual or beneficially owned through the investment vehicle.
A direct financial interest is one that is owned directly by the covered member (even if managed by others). Direct financial interest simply implies the ownership or the part ownership of a business, and this includes stocks, bonds, lands etc.
