Answer:
33%
Explanation:
The gross profit percentage is also known as the gross margin which is the ratio of the gross profit to sales. it shows the amount of gross profit earned per $1 of revenue made.
The gross profit is the difference between the sales and the cost of goods sold.
Gross profit for 2016
= $62,000,000 - $41,540,000
= $20,460,000
Gross profit percentage
= $20,460,000
/$62,000,000
= 0.33
= 33%
Answer:
B. It depends on the marginal cost of serving more clients and the marginal revenue he will earn from serving more clients.
Explanation:
As the barber is currently cutting hair for 50 clients per week and earns a profit. He is now considering expanding his operation in order to serve more clients. He should expand his business by considering the marginal cost of serving more clients and the marginal revenue he will earn from serving more clients. Marginal revenue and marginal cost has much importance here in order to make the decision. Marginal revenue is the profit which is obtained by selling one extra unit, here serving one more additional customer, whereas, the marginal cost is selling that one extra or additional unit/serving the customer. In this particular case, if the marginal revenues are greater than the marginal costs then he should definitely expand his operations, which means that move will bring more profits to his business.
So, A has to apply for Sales Orientation Strategy.
All a deals situated with Sales Orientation is one in which an organization concentrates it's showcasing endeavors on selling the item that they produce. This procedure is viable for organizations that sell 'unsought' merchandise, for example, internment plots and disaster protection(life insurance), and yet can be hazardous for other people.
So, If A company start focus 100% on their marketing strategy they definitely achieve more and more customer for their Automotive company and it creates the best Ranking and good or excellent Word-of-Mouth.
Word-of-Mouth showcasing is the point at which a customer's advantage in an organization's item or administration is reflected in their day-to-day dialogues.
Rankings in Web optimization allude to a site's situation on the web crawler results page.
To learn more about Sales Orientation.
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#SPJ4
The basic five stages are problem recognition, information search, alternatives evaluation, purchase decision, and post-purchase evaluation.
<h3>What is a purchase?</h3>
A purchase refers to the action of buying something. Purchasing is considered an important course of action.
There are five main stages that a customer needs to undergo before making any decision either to buy a product or not.
The five stages are
- Problem recognition- It is the most basic step that ensures if there is a need for purchase.
- Information search- The next step is to search the information related to the Tata Nano
- Alternatives evaluation- It helps in evaluating the choices available for the product. Other options for cars are taken into consideration.
- Purchase decision- After evaluation, a consumer may decide between buying Tata Nano. This decision depends upon the feedback of other people.
- Post-purchase evaluation- After purchasing, it may lead to brand loyalty if the customer is satisfied with the purchase.
Learn more about the Purchase decision process here
brainly.com/question/26517026
<u>Full question:</u>
BuyStore Inc, an online retail store, sells all of its products through its Web site, buystore.com, and through an application on cell phones. BuyStore Inc is an example of a _____.
A) brick-and-mortar firm
B) pure-play company
C) third-party broker
D) physical storefront
<u>Answer:</u>
BuyStore Inc is an example of a pure-play company
<u>Explanation:</u>
A pure-play is a company that concentrates on solely one line of business. Pure plays hold easy-to-understand cash flows and earnings and perform to the provision to a recess market. Representing a company as pure-play enables proprietors and administrators to concentrate on some of the core competencies.
Narrowing a company’s center concedes leaders to reduce confusion and to simplify the firm’s individual sales scheme. The pure-play business model enables companies to explore and develop without large investments in local locations or subsidiary offices.
