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prisoha [69]
3 years ago
5

Closing a sale refers to: A. asking for a referral from a prospective customer.B. being turned down by a prospective customer.C.

delaying the decision to make a new product.D. obtaining a commitment from the customer.
Business
1 answer:
ki77a [65]3 years ago
4 0

Answer:

D. obtaining a commitment from the customer.

Explanation:

Closing a sale is the equivalent of making a sale.

To consider a sale done, you need to have a commitment from the customer to buy the product/service you're offering.  That usually mean receiving money or at least firming a binding contract.

None of the other options is describing a complete sale. A and C are potential leads/sales... while B if of course the opposite of closing a sale.

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Roman loves corn bread. He buys corn meal and wheat flour in order to make corn bread. His recipe calls for two cups of corn mea
ale4655 [162]

Answer:

(B) U(c,f)=min{2c,f}

Explanation:

This is an example of Leontif utility function which states that the preferences of a consumer is to a constant ratio of quantities of two or more goods in his demand bundles and having an extra unit of a single good will not increase the utility of the consumer and will make the extra unit to waste. But having more units of all the goods in the demand bundle which maintain the constant ratio will increase the utility of the consumer.

A good example usually used in economics is that of a pair of shoe. Having one right and one left of a type of shoe gives a consumer utility at a constant ratio of 1:1, and increasing each leg by multiple of one at every point in time will increase the utility of the consumer, while increasing just only one makes the utility not to change. For instance, having only two left shoe will not give the consumer any utility and make both the left shoe useless.

In the question, the ratio of cups of corn meal, denoted by c, and cups of flour, denoted by f, is 2:1. This implies that to increase the utility of the consumer, c has to increase by a multiple of 2 at every point in time while f has to increase by one at the same point in time to maintain the constant ratio of 2:1. Increasing only c by 2 or only f by 1 will maintain the constant ratio and it will lead to a waste of the increased unit of the affected commodity.

Therefore, option (B) U(c,f)=min{2c,f} is the correct answer that gives a constant ratio of 2:1 = 2c:f.

I wish you the best.

7 0
3 years ago
Insider trading is seen as a threat to the functionality of the financial markets. Write a short paragraph describing why this i
loris [4]

Answer:

insiders can cheat the market.

Explanation:

They can do things on the inside to make a stock go up or down. this can be an advantage to buying in low and selling high. Elon Musk did something similar, (put this in your answer for a kick) as he used his social influence to lower his stock, by saying its "overpriced" making people sell it. when the stock fell, more investors used the buying in low strategy, and he split the stock to allow smaller investors to buy into the stock, giving him 8 BILLION dollars in one market day. (I LOVE THE STOCK MARKET, IF YOU WANT TO LEARN POST A COMMENT AND I WILL TEACH YOU A LOT!!)

5 0
3 years ago
A pharmaceutical company in Belgium decides to expand into additional markets. It conducts research and decides to focus on mark
stepladder [879]

Answer:

C) standardization strategy

Explanation:

standardization strategy can be regarded as one whereby a business owner or firm give same treatment to the whole world as if it's just one market that have just small meaningful variation It's base on an assumption that needs of people can be met with a product.

7 0
2 years ago
A parachutist jumps out of an airplane and accelerates with gravity to a maximum velocity of 58.8 m/s in 6.00 seconds. She then
arlik [135]

Answer:

From what height did the parachutist jump?

914 m

Explanation:

v = 58.8 m/s

u = 0 m/s

a = 9.81 m/s^2

t = 6.00 s

v^2 = u^2 + 2as

58.8^2 = 0 + 19.62s

s = 3457.44/19.62 = 176.22m

Upon decelerating after opening parachute;

v = 10 m/s

u = 58.8 m/s

t = 4.00

deceleration =( 58.8 - 10)/4.00 = 12.2 m/s^2

v^2 = u^2 + 2as

100 = 58.8^2 - 24.4s

3357.44/24.4 = s

s = 137.6s

Upon decending at constant velocity

distance = time*velocity = 10.0*60 = 600 m

Initial height = 600 + 137.6 + 176.22 = 913.82 m = 914 m

7 0
3 years ago
In Macroland there is $12,000,000 in currency. The public holds half of the currency and banks hold the rest as reserves. If ban
Rashid [163]

Answer:

C.$48,000,000; $54,000,000

Explanation:

First we lay out the data

Currency (C) = $6,000,000

Reserves (R) = $6,000,000

Reserve-Deposit Ratio (rr) = 12.5%

To find deposits we simply solve a rule of three. Reserves are 12.5% of what deposits are:

X                 100%

6,000,000 12.5%

6,000,000 x 100/12.5 = 48,000,000

So Deposits (D) are $ 48,000,000

Now, to find the money supply, we must solve this equation

M = m x B

Where M = Money supply, m = money multiplier and B = monetary base

Monetary base is equal to currency in hands of the public + reserves, so:

B = C + R

B = $6,000,000 + $6,000,000

B = $12,000,000

The money multiplier equals to

m = (cr + 1)/(cr + rr)

cr is currency - deposit ratio

In this case currency is $6,000,000 and deposits are $48,000,000, so the currency-deposit ratio (cr) is the same as the reserve-deposit ratio (rr) = 12.5%

Now we plug the amounts into the formula, remember that we must convert percentages into decimals when solving an equation:

m = (0.125 + 1) / (0.125 + 0.125)

m = 4.5

Finally, we can solve for the money supply. Money supply is equal to the monetary multiplier times the monetary base:

M = m x B

M = 4.5 x $12,000,000

M = $54,000,000

8 0
3 years ago
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