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3 years ago

The strategy of convincing a customer to buy a higher-priced item than he or she had originally intended is called

1 answer:

5 0

It's called an upselling

It's a common technique that a salesman/ marketing team use to increase profit with promise that the customer will get a better product or service

The example of an upselling is when you want to buy a cheap house, but the salesman manage to convinced you that buying another expensive house is good for your investment, and you buy the expensive one instead.

You might be interested in

In the context of a SWOT analysis, which of the following would be considered a weakness for an organization?

snow_lady [41]

The answer is D. Imitable products and servicesd

3 0

3 years ago

The following information is taken from the records of Erie Corp.(in thousands) for the year ended on December 31: 2019 2018 Sal

den301095 [7]

Answer:

Favourable Changes:

Sales

Gross Profit

Operating Income

Interest Expense

Net Income

Unfavourable Changes:

Cost Of Sales

Selling Expenses

General Expenses

Other Revenue

Income Taxes

Explanation:

Observe Movement from 2018 results to 2019 results

Erie Corp

Vertical Analysis of Income Statement

2019 2018

Sales 1,397 1,122

Less Cost Of Sales 935 814

Gross Profit 462 308

Less Operating Expenses

Selling Expenses 154 121

General Expenses 88 77

Operating Income 220 110

Less Non- Operating Expenses

Other Revenue 4 7

Interest Expense 2 9

Income Taxes 134 66

Net Income 88 42

8 0

3 years ago

Suppose we have a 2-person world, with only Stephen and his friend LeBron. Suppose that Stephen can move 70 boxes or bake 28 coo

PIT_PIT [208]

Answer:

Option (c) is correct.

Explanation:

Stephen can move 70 boxes or bake 28 cookies:

Opportunity cost of moving a box = (28 ÷ 70)

= 0.4 cookies

Opportunity cost of baking a cookie = (70 ÷ 28)

= 2.5 boxes

LeBron could move 24 boxes or bake 6 cookies:

Opportunity cost of moving a box = (6 ÷ 24)

= 0.25 cookies

Opportunity cost of baking a cookie = (24 ÷ 6)

= 4 boxes

Yes, trade is possible.

Stephen has a comparative advantage in baking cookies because of the lower opportunity cost than LeBron, so he is specialized in baking cookies.

On the other hand, LeBron has a comparative advantage in moving boxes because of the lower opportunity cost than Stephen, so he is specialized in moving boxes.

3 0

3 years ago

In the context of purchasing systems involved in the traditional transaction processing systems, when a(n) _____ arrives from a

Degger [83]

Answer:

Product

Explanation:

In a purchase system the involvement of the traditional transactions takes place as when the product or item arrives to form a supplier its matched to the original order of the referring report which is then sent to the department for checking the content and the report generated is in the inventory

Of the list of items the vendor dispatches and later on checks the consistency of the product. An assessment report is made for the system and the result is compiled in the database management system.

7 0

3 years ago

Gabriel Company views share buybacks as treasury stock. In its first treasury stock transaction, Gabriel purchased treasury stoc

denis23 [38]

Answer:

b. decrease no effect

Explanation:

When the treasury stock is repurchased and at a premium. That is the price more than the par value, the excess is debited to the additional paid in capital account as this is the account used to fund the additional amount required to pay the differential.

Retained earnings on the other hand are unaffected by this transaction as long as the company has enough funds in the paid in capital account to complete the transaction.

Total paid in capital will decrease

Retained earnings will have no effect

Hope that helps.

5 0

3 years ago