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1 year ago

The process of identifying individuals or companies who may need the selling firm's products or services is known as?

1 answer:

7 0

The process of identifying individuals or companies who may need the selling firm's products or services is known as Prospecting.

You locate potential consumers during the prospecting stage and assess whether they need your good or service and whether they can afford what you have to offer. Qualifying is the process of determining whether a customer needs your good or service and can afford it.

Identification of prospective clients, often known as prospects, is the first step in the sales process. Creating a database of potential consumers and communicating with them regularly in the hope of turning them from potential customers into existing customers is the aim of prospecting.

Learn more about prospecting here

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Direct finance is a transaction between two parties where one party lends directly to the other party, whereas indirect finance

mamaluj [8]

Direct financing involves the financial market and indirect financing involves intermediaries. In the financial market, companies put their shares for sale and investors buy them. This is a direct financing mechanism for companies, which raise funds by sharing their own capital in traded shares.

On the contrary, if a company seeks bank financing, there will necessarily be intermediation by third parties, such as banks. In the middle market, economic agents deposit their money with the bank, and the bank uses it to lend to companies. This is intermediating a financing. Both types of financing are widely used, all will depend on the structure and purpose of each company in the search for financing.

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3 years ago

Many new restaurants have opened in collegetown in recent years. given this change in supply, what type of demand would result f

melamori03 [73]

The answer is Inelastic Demand. Hope this helps!!!
Have a great day!!

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3 years ago

Big Red Machines, a startup, has come up with a new product and has seen significant customer demand. Due to reinvestment in the

Bad White [126]

Answer:

The correct answer is "$ 30.34".

Explanation:

The value of the stock can be computed by the following formula:

⇒ $\frac{Dividend \ in \ year \ 3}{(1 + Required \ return \ rate)2} + \frac{Dividend \ in \ year \ 4}{(1 + Required \ return \ rate)3} + \frac{Dividend \ in \ year \ 5}{(1 + Required \ return \ rate) 4 } + \frac{1}{(1 + Required \ return \ rate)4 }\times [\frac{( Dividend \ in \ year \ 5 (1 + Growth \ rate)} {( Required \ return \ rate - Growth \ rate)}]$

On putting the values, we get

⇒ $\frac{1.50}{1.08^2} + \frac{1.60}{1.08^3} + \frac{1.75}{1.08^4 } + \frac{1}{1.08^4} \times [ \frac{( 1.75\times 1.03)}{(0.08 - 0.03)}]$

⇒ $\frac{1.50}{1.08^2 } + \frac{1.60}{ 1.08^3 } + \frac{37.80}{ 1.08^4 }$

⇒ $30.34$ ($)

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3 years ago

During the month of June, Ace Incorporated purchased goods from two suppliers. The sequence of events was as follows: June 3 Pur

Alinara [238K]

Answer and Explanation:

The journal entries are shown below:

On June 3

Merchandise Inventory $4,100

To Accounts payable $4,100

(Being the purchase of goods on credit is recorded)

On Jun 5

Accounts payable $1,100

To Merchandise Inventory $1,100

(To record purchase returns)

On June 6

Merchandise Inventory $1,000

Accounts payable $1,000

(Being the purchase of goods on credit is recorded)

On June 11

Accounts payable ($4,100 - $1,100) $3,000

To Cash $2,960

To Inventory ($4,100 - $1,100) × 2% $60

(Being the payment is recorded)

On June 22

Accounts Payable $2,000 ($3,000 - $1,000)

To Cash $2,000

(Being the payment on account in full is paid)

4 0

3 years ago

What is the subject of federal open market committee decisions?

kakasveta [241]

<span>What is the subject of federal open market committee decisions? Level of interest rates and growth of the money supply. The federal open market committee makes decisions that they think will growth the supply of money within our economy and keep interest rates at an affordable level. This committee is part of the Federal Reserve Board that meets often to set the monetary policy and interest rates charged to banks. </span>

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3 years ago