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Ratling [72]
2 years ago
10

________ is the most expensive form of marketing communication

Business
1 answer:
Dafna11 [192]2 years ago
3 0

Personal selling is the most expensive form of communication in marketing, costing more to reach each individual customer than other forms of advertising and promotions.

Personal selling is a face-to-face selling technique in which salespeople use their interpersonal skills to convince customers to buy a particular product. The seller tries to highlight the different features of the product to convince the customer that he will only add value. However, getting a customer to buy a product is not what drives an individual's sales all the  time. Usually, companies try to follow this approach with customers to make them aware of a new product.

Personal selling is an essential sales tool for selling complex and technical services that require human touch, personalization, persuasion, and prompt communication.

It is common for high-priced items to use personal selling because it helps the company to inform and convince customers to use personalized selling methods to gain more trust.

It is also considered an important promotional tool in B2B sales because these sales involve fewer leads and high transaction costs.

Personal selling provides a detailed explanation or demonstration of a product. This capability is particularly desirable for complex or novel goods and services. Sales messages can vary depending on the motivations and preferences of each potential customer.

To learn more about personal selling:

brainly.com/question/7304387

#SPJ4

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Please select the best answer from the choices provided A situation in which quantity demanded is greater than quantity supplied
Black_prince [1.1K]
<span>A situation in which quantity demanded is greater than quantity supplied best describes shortage. Shortage is when any product or service lacks the means to provide or satisfy its demand. A shortage in the product or service usually results to a price increase. On the other hand, a surplus results to a price decrease.</span>
5 0
4 years ago
Read 2 more answers
Suppose that Freddie's Fries has annual sales of $520,000; cost of goods sold of $395,000; average inventories of $11,000; avera
Nadusha1986 [10]

Answer:

8.78

Explanation:

The computation of the cash cycle is given below;

We know that

Cash cycle = Inventory conversion period + Receivables conversion period - Payables conversion period.

Here

1. Inventory conversion period = Avg. Inventory ÷ (COGS ÷365)

= (11,000) ÷ (395000 ÷ 365)

= 10.16

2. Receivables conversion period = Avg. Accounts Receivable ÷ (Credit Sales × 365)

= (27000/520000) × 365

= 18.95

3. Payables conversion period = Avg. Accounts Payable ÷ (Purchases  × 365)

= (22000 ÷ 395000) × 365

= 20.33

Now the cash cycle is

= 10.16 + 18.95 - 20.33

= 8.78

8 0
3 years ago
On October 1st, a company borrowed $60,000 from Eighth National Bank on a 1-year, 7% note. If the company's fiscal year ends on
ExtremeBDS [4]

Answer:

Interest payable $1,050

Explanation:

Based on the information given F the company's fiscal year ends on December 31st, Hillsmith should make a year-end adjusting entry to increase: INTEREST PAYABLE $1,050

Interest payable $1,050

(7%*60,000*3/12)

(October 1st December 31st=3 months)

8 0
3 years ago
Exhibit 4.1 The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges
yuradex [85]

Answer:

Koski Inc.

Quick Ratio:

Quick Ratio = (Current Assets - Inventory) divided by Current Liabilities

Quick Ratio = $(23,595 - 12,480) / $(17,160 -5,460)

Quick Ratio = 11,115 / 11,700 = 0.95

Explanation:

The quick ratio is a financial metric that shows the short-term liquidity position of a company.  It measures the company's ability to settle its short-term obligations using its most liquid current assets.  The most liquid assets are cash and near cash current assets.

Inventory is always removed in calculating the most liquid current assets.  Inventory will take some time before it can be converted to cash or near cash, given the cash conversion cycle.

The quick ratio is also called the acid-test ratio.  It is also considered as more conservative than the current ratio which measures the coverage of current liabilities by all current assets, including inventory.

In our workings, we eliminated inventory from current assets.  We also eliminated notes payable which would be rolled over the next year.

4 0
3 years ago
What are four Common Work Contexts for Financial Analysts
djverab [1.8K]

Answer: it’s indoors, environmentally controlled , face-to-face discussions , and electronic mail

Explanation:

it’s right i just answered this question on edg(:

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3 years ago
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