Answer:
Personal selling.
Explanation:
Promotion is a method of informing and persuading customer to buy product or service or idea. Every company in the market use some or other promotional strategy to penetrate in the market. Corporate have different needs or objective of promotion, like creating awareness, spreading information, increasing sales, increase market share, retaining loyal customer, etc. There are different method of promotion also been used by corporates to achieve their objective according to the budget, time and place of promotion. There are few promotion method used by corporate are: Advertising, sales promotion, personal selling, e-commerce, public relation, and social media.
Personal selling: It is a part of promotional mix, where salesperson sell the product or service to their target customer directly by meeting them personally.
Answer:
Michael does not experience inflation because he only buys Tennis rackets
Explanation:
Inflation is defined as increases in price per unit price.
It is the prolonged increase in the price of goods and services caused by devaluation of currency , demand -pull or cost - push. While a certain degree of inflation can be beneficial to a thriving economy , it can become a threat if it becomes larger.
One of the direct impact of inflation is rise in price of goods and services.
As the price of rackets was not affected by the inflation , that means that Michael was not affected by the inflation.
Answer:
0.2 or 20%
Explanation:
The three possible outcomes, with respective probabilities and returns, as follows
Outcome 1: Probability (P) = 0.35, Return (R) = 0.20
Outcome 2: Probability = 0.25, Return = 0.36
Outcome 3: Probability = 0.40, Return = 0.10.
The expected return will be computed as follows.
Expected Return = 
= (0.35*0.20) + (0.25*0.36) + (0.40*0.10)
= 0.07 + 0.09 + 0.04
= 0.2
Therefore expected return = 0.2 or 20%
The field research is type of research that collects <span>data outside of an experimental setting (in natural settings) and </span>tends to ensure the observations are more valid. <span>
There are 2 different methods for obtaining data in field research, asking questions and </span>making direct observation. The direct observation are made in natural settings or environment.
Answer:
(a) $921,100
(b) $643,500
(c) $567,700
Explanation:
(a) Cost of goods sold:
= Sales - Gross profit
= $1,261,800 - $340,700
= $921,100
(b) Direct Material Cost:
= Materials purchased - Indirect materials - Materials inventory
= $643,500 - $46,700 - $46,700
= $643,500
(c) Direct labor cost:
= Total manufacturing costs for the period - Direct materials - factory overhead (Indirect labor + Indirect materials + Other factory overhead)
= $1,393,000 - $643,500 - $181,800
= $567,700
