The step in which a salesperson meets the customer for the first time is the approach step of the creative selling process.
Who is a saleperson?A salesperson can be defined as the person whose sole reponsibilities is to market and sell a company product to potentials customers or buyers.
When a sales person meet a customer for the first time, the sales person need to first approach the customers before marketing a product to the customer.
Therefore the step in which a salesperson meets the customer for the first time is the approach step.
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The president of Krypton Inc. wants to know the company's current financial condition. The financial report that can provide this information is the _____.
The president of Krypton Inc. desires to recognize the company's current financial status. The financial report that can furnish this content is the Balance Sheet.
What is a Balance Sheet?A balance sheet showed as a financial statement. It presents the liabilities, assets and shareholder equity of a business firm.
It is one of the three fundamental financial statements that is employed to examine a company, is the balance sheet.
It provides a snapshot of a company's financial situation as of the publication date.
If the president of Krypton Inc. needs to know about the company's current financial situation, the Balance Sheet is the financial report that may provide this information.
Therefore, the balance sheet is the statement the shows the financial condition of the organization.
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Venus Corporation is creating an advertising budget with the goal to reach a large number of customers. Productive Advertising Company advises them that the most cost-effective way to reach a mass market is with
Venus Corporation is putting together an advertising budget in order to reach a huge number of people.
The most cost-effective technique to reach a broad market, according to Productive Advertising Company, is via television commercials.
What is advertising on television?A television commercial (also known as a television commercial, commercial, television spot, TV spot, advert, TV advert, or simply an ad) is a segment of television programming that is produced and paid for by a company. It sends out a message that promotes and markets a product or service.
Television advertising provides a significant competitive edge. It has the ability to increase market share, as well as provide scale and reach. It also allows you to purchase exactly the number of ratings (or watchers) that you require.
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Costs that have been incurred and cannot be eliminated regardless of the alternative chosen are ________. multiple choice sunk costs unavoidable costs relevant costs irrelevant costs
Sunk cost are costs that have been incurred and cannot be eliminated regardless of the alternative chosen.
What is sunk cost?Sunk cost are past cost that cannot be recovered. They are irrecoverable cost or money that has been incurred or paid.
It is to be noted that sunk cost is not to be given though to especially when making future business decisions because it cannot be recovered.
Examples of sunk cost are :
Research into a new product.New software system and working practices.Hence, sunk cost are costs that have been incurred and cannot be eliminated regardless of the alternative chosen
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Kingbird, Inc. has 10,600 shares of 9%, $100 par value, cumulative preferred stock outstanding at December 31, 2022. No dividends were declared in 2020 or 2021. If Kingbird wants to pay $420,000 of dividends in 2022, what amount of dividends will common stockholders receive
If Kingbird wants to pay $420,000 of dividends in 2022. The amount of dividends that the common stockholders will receive is $133,800.
DividendsUsing this formula
Remainder allocation to common stockholders=[Total dividend – (Dividiend in arrears + 2022 dividend)
Let plug in the formula
Remainder allocation to common stockholders=[$420,000 – (10,600×9%×100×2)+(10,600×9%×100)
Remainder allocation to common stockholders=[$420,000 – ($190,800+ $95,400)]
Remainder allocation to common stockholders=[$420,000 –$286,200]
Remainder allocation to common stockholders=$133,800
Therefore the amount of dividends will common stockholders receive is $133,800.
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________ refers to the strategy of getting visitors to a Web site to forward information on the site of their friends in order to make more consumers aware of a product. Demand-based marketing Viral marketing Foot-in-door marketing Guerrilla marketing
Answer: According to the ________ perspective, under the right circumstances a group of people is smarter than the smartest people within the group. A) mere exposure phenomenon B) wisdom of crowds C) deindividuation D) normative influence
Explanation:
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The different types of contract are express contract,_________
contract, unilateral contract, and bilateral contract.
Answer:
The answer is Implied.
Explanation:
The different types of contract are express contract, Implied
contract, unilateral contract, and bilateral contract.
The net present value method assumes that all cash inflows can be immediately reinvested in new projects at the a. cost of capital. b. hurdle rate. c. internal rate of return. d. rate on the corporation's short-term debt.
The net present value method assumes that all cash inflows can be immediately reinvested in new projects at the cost of capital.
What is new present value?It is computed using the amount of money needed for a future project. The total amount needed will then be deducted from the present money in the organization to get the new present value.
Therefore, the net present value method assumes that all cash inflows can be immediately reinvested in new projects at the cost of capital.
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At an output level of 18,500 units, you calculate that the degree of operating leverage is 1.64. What will be the percentage change in operating cash flow if the new output level is 20,000 units
The percentage change in operating cash flow if the new output level is 20,000 units is: 13%.
Percentage change in operating incomeUsing this formula
Percentage change in operating income=Degree of operating leverage×(New output level-Output level)Output level
Let plug in the formula
Percentage change in operating income=1.64×(20,000-18,500)/18,500
Percentage change in operating income=1.64×(1500/18,500)
Percentage change in operating income=1.64×0.08108
Percentage change in operating income=0.13×100
Percentage change in operating income=13%
Therefore the percentage change in operating cash flow if the new output level is 20,000 units is: 13%.
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Marsha is working part-time at a restaurant. She makes an average of $200 per week and her parents send her a monthly allowance of $100. She has the following monthly expenses: Cell phone, $62.00; Gas, $100.00; Food, $200.00; Entertainment, $100.00; Car payment, $200.00; and Insurance, $125.00. Use this information to fill in Marsha’s Income Statement for the current month.
Income:
Total Income:
Expenses:
Total expenses:
If She makes an average of $200 per week and her parents send her a monthly allowance of $100. Her net income is $113.
Income StatementMarsha’s Income Statement for the current month
Income $900
[($200 per week×4 weeks)+$100]
Total Income $900
Expenses:
Cell phone $62.00
Gas, $100.00
Food $200.00
Entertainment $100.00
Car payment $200.00
Insurance $125.00
Total expenses $787
Net income $113
($900-$787)
Therefore her net income is $113.
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Bobcat Elevator reported financial statements indicate an increase in its return on assets, even though its net profit margin declined. This is due to
When there is an increase in return on assets and yet there is a decline in profit margin, this is due to an increase in asset turnover.
How can return on assets increase if profit margin decreases?The profit margin is calculated by dividing the net income by the sales amount while return on assets is found by dividing the net income by total assets.
If the asset turnover increased, it means that there are less assets which means that the return on assets will be higher even though the profit margin will be lower.
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Riley is 25 years old, and will soon be starting a career as a business analyst. According to Levinson, Riley is in the _____ phase of adult development
According to Levinson, Riley is in the Novice phase of adult development.
What is Business?This refers to the buying and selling of goods with the major aim of making profit.
Hence, we can see that based on the adult development phase, because Riley who is 25 years old and just starting out as a business analyst is in the novice phase.
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Imagine that the company you work for doesn’t have a set policy for what its employees do with their company-issued laptops. You have found out that some coworkers use their computers to download music and movies and create their own personal projects for other clients. Do you think this is appropriate behavior? What sort of ethical issues could arise from this policy? What sort of wording would you recommend for a new policy about laptop usage?
Answer: It can be deduced that it's unethical for your employees to use their work computers for personal activities?
Explanation:
What is ethics?
It should be noted that ethics simply means the principle of knowing what is right from what is wrong.
In this case, it's unethical for your employees to use their work computers for personal activities. This isn't appropriate.
Furthermore, it's ethical for you to monitor computer usage. This is necessary to checkmate the activities of the employees.
Finley is a positive, motivator leader who encourages his employees to socialize, harness their creativity, and set goals. What type of leader is Finley
Based on the fact that Finley is a positive and motivational leader who encourages creativity, he is most likely a Transformational leader.
What is a transformational leader?This is a leader who wants their followers to develop in a positive way so that they can be the best they can be.
Such leaders will therefore encourage their followers and motivate them just like Finley does to his employees.
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Anything accepted for payment of goods and services or repayments of debts can be considered __________.
A.
cash
B.
money
C.
creditable
D.
transferable
Answer:
D.
transferable
Explanation: Items that can be repaid without money are considered transferable
Lmk if this helps!
O A. "I'm a hard worker."
O B. need more help.'
• C. "I wonder if my friends are good at this."
C D. "Will this be
over soon?"
When determining what price to charge for a product or service, marketing executives consider which of the following?
A. competitors’ pricing structures
B. how much customers can afford to pay for the product or service
C. at what point the market will be flooded with similar products and services, driving down consumer demand
D. all of the above
Answer: D) all of the above
Explanation:
Uploaded ads give advertisers access to more inventory than responsive display ads.
Uploaded advertisements (ads) give advertisers access to more inventory than responsive display advertisements (ads): False.
What is an advertisement?An advertisement refers to the promotional multimedia messages that are designed and developed with the sole intention of making the various goods or services that are being offered by a business firm or an entrepreneur to become known, popular and familiar to all of its customers and potential customers.
The types of advertisement.Generally, there are various medium that are used for the advertisement of goods or services and these include the following:
Uploaded advertisements (ads).Responsive display advertisements (ads).In conclusion, it is false to say that uploaded advertisements (ads) give advertisers access to more inventory than responsive display advertisements (ads).
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tori is a freelance photographer and her net earnings were $80,000. calculate tori’s payroll taxes if she was a full time employee
Tori’s payroll taxes if she was a full time employee of the company will be $11304.
How to compute the tax?From the given information, the net income is $80000, tax rate is 15.3% for social security and Medicare.
Therefore, the tax paid by Tori will be:
= 15.3% × $73880
= $11304
In conclusion, the tax will be $11304
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If the real interest rate in the united states increases relative to that of the rest of the world, capital should flow:.
If the real interest rate in the United states increases relative to that of the rest of the world, capital flow should increase.
What happens when the real interest rate increase?Real interest rate is the rate earned by those who give out their monies to businesses. The real interest rate has been adjusted for inflation.
When the real interest rate increases, the return earned by investors increase. This would encourage investors to increase their investment in the United States. As a result, capital flow should increase.
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If a firm's variable cost per unit estimate used in its base-case analysis is $50 per unit and they anticipate the upper and lower bounds to be ± 10 percent, what is the "worst case" for variable cost per unit?
Based on the base-case analysis of the firm's variable cost and the upper bounds anticipated, the worst case for variable cost per unit is $52.50.
What is the worst case for variable costs?The worst case scenario for expenses would be a situation where they are higher instead of lower.
This means that the upper bound of the variable cost will be applied to find the worst case scenario:
= Base case analysis amount x (1 + upper bound)
= 50 x (1 + 5%)
= $52.50.
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International businesses have to engage in market __________, or identifying different groups of consumers by their purchasing behavior.
International businesses have to engage in market Segmentation or identifying different groups of consumers by their purchasing behavior.
What is market SegmentationMarket segmentation refers to the process of dividing a large consumer or business market which usually consists of existing and potential customers, into smaller groups of consumers characterised by their shared consumer behaviour.
For international businesses to survive in a market, there is need to perform Market segmentation in order to make informed decisions.
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Comfy Slipper Supply Inc. does not feel the pressure to create custom slippers for any of its markets around the world, but it does want to focus on cost reductions. What strategy should this company consider using to achieve this
Comfy Slipper Supply Inc. company consider using business process management strategy.
What is Business process management?It involves different method that is used by a business or organization to manage it's process.
This could include methods to analyze and measure the appropriate model that can b use to optimize profit.
Therefore, Comfy Slipper Supply Inc. company consider using business process management strategy.
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In the country of Azard, businesses use new smart cell phones to speed up many tasks such as sales recording, inventory checks, purchase orders etc. Which components of growth are recorded here
The component of growth recorded by the country of Azard is technology.
How is technology a component of growth?
Technology is one of the key drivers of growth in an economy. Technology increases the efficiency of the production of goods and services. The use of smart phones to speed up tasks is an example of technology contributing to growth.
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Contracts whose performance, based on the terms of the contract, cannot possibly occur within ______ fall within the statute of frauds and therefore must be in writing.
Contracts whose performance, based on the terms of the contract, cannot possibly occur within one year fall within the statute of frauds and therefore must be in writing.
What is a contract?A contract is made between group of people or some individual over a business, job or property.
The contract contains the terms of agreement between the parties involved and the rules and regulations guiding the contract.
Therefore, Contracts whose performance, based on the terms of the contract, cannot possibly occur within one year fall within the statute of frauds and therefore must be in writing.
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When a company sells a product for a price that is less than the cost of producing the product, it is engaging in:.
If a company sells a product at a price that is less than the cost of producing the product, then it is engaged in dumping.
What do you mean by a Product?A product refers to any product, goods, or services intended for sale purposes. Goods, services, experiences, shopping, convenience, specialty goods, consumer goods, and industrial goods are the different types of products.
Dumping refers to when a company or country exports a product that is lower in the foreign market than the domestic export market. According to World Trade Organization, dumping is legal.
Therefore, Dumping is when a company sells a product that is lower than the cost of producing the product.
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Ellen purchased a dishwasher, which cost $315 before the 9.22% sales tax. she used the machine an average of 10 times per week for the next six years, at which point she replaced it. each time she ran the dishwasher it cost her $0.09 for water and $0.13 for electricity. what was the lifetime cost of ellen's dishwasher? a. $1,030.44 b. $686.40 c. $1,093.73 d. $749.69
Answer:
NOT anser B). $686.40
Explanation:
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Tyrell and Barb bought a commercial investment property in 2009 during the real estate market downturn. Through what year will they be able to depreciate the investment?
The fact that Tyrell and Barb bought a commercial investment property in 2009 means that they will be able to depreciate the investment till the year 2048.
How long are commercial investment properties depreciated?The U.S. Tax code calls for commercial investment property to be depreciated in a straight-line manner over a 39 year period.
The year in which Tyrell and Barb can depreciate to is therefore:
= 2009 + 39 years
= 2048
In conclusion, they can depreciate the commercial property till 2048.
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Money is a ______ of some item or group of items that is used as a medium of exchange.
The fact that money can be used as a medium of exchange is as a result of it being a stock of some items.
What can money do?Money allows for us to trade goods and services which makes it invaluable as a medium of exchange.
The reason money can do this is because it can be denoted as the stock or value of some items.
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Macy offers to sell his fitness watch for $50 to Nona. Nona promises to pay Macy the price. Later, they exchange the watch for the funds. A contract was created when
Based on the given description, we can see that a contract was reached when d. Nona promised to pay for the watch
What is a Contract?This refers to the legally binding agreement between two or more parties about a particular thing.
Hence, we can see that because Macy offered to sell and Nona promised to pay for the watch, a contract was agreed upon because there is an agreement reached about the sale of the watch.
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Which of the following best describes the main difference between scarcity and a shortage? a. while a shortage is a temporary market condition, scarcity is an ongoing condition in the world. b. while scarcity is a temporary market condition, a shortage is an ongoing condition in the world. c. scarcity is found throughout the world, but shortages only occur in wealthy countries. d. shortages occur everywhere, but scarcity happens only in countries with very high poverty levels. please select the best answer from the choices provided a b c d
Answer:
The answer is A.)while a shortage is a temporary market condition, scarcity is an ongoing condition in the world.
Explanation:
It will not stop in the world no matter what it is a problem ethier way in the world.