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Ganezh [65]
3 years ago
14

Lewis, a salesperson at an automobile showroom, convinced one of his sales leads to buy the latest car in the showroom. Two week

s after the car was delivered to the buyer, Lewis calls the customer to check if he is satisfied with the car and his service. Upon hearing the satisfied reply, Lewis adds that he can be reached in case of any complaints in the future. In this case, Lewis is _________.
a. following-up with his customer.b. handling objections from his customer.c. resolving his customer's complaint.d. closing the sale.
Business
1 answer:
Arte-miy333 [17]3 years ago
8 0

Answer:

a. following-up with his customer.

Explanation:

Based on the scenario being described within the question it can be said that Lewis is following-up with his customer. This is when a salesperson contacts a customer some time after their purchase in order to make sure that they are happy with their purchase. This allows the salesperson to address any problems or concerns that the customer may have with their product. All with the goal of trying to capture the loyalty of the customer, since a customer that is happy with an initial purchase is more likely to return.

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Which one of the following methods considers the time value of money in evaluating alternative capital expenditures?
Svet_ta [14]

Answer:

correct option is B. Net present value

Explanation:

solution

here time value of money in the evaluating of alternative capital expenditure is NPV ( Net present value )

and we know that NPV ( Net present value ) is calculated as the difference in between the cash inflow and the present value of the cash outflow  ............1

so we can say correction option is B. Net present value

5 0
4 years ago
The Acmeville Metropolitan Bus Service currently charges $0.88 for an all-day ticket and is used by an average of 513 riders a d
ki77a [65]

Answer:

Price elasticity of demand = Change in Quantity/ Change in Price

Using midpoint formula;

Change in Quantity ;

= \frac{Q2 - Q1}{\frac{Q1 + Q2}{2} } \\\\= \frac{363 - 513}{\frac{513 + 363}{2} }\\\\= -0.342

Change in Price;

= \frac{P2 - P1}{\frac{P1 + P2}{2} } \\\\= \frac{0.99 - 0.88}{\frac{0.99 + 0.88}{2} }\\\\= 0.118

Price elasticity of demand = -0.342/0.118

= -2.90

Demand is elastic, so decreasing ticket prices will increase revenue.

When the elasticity is larger than 1 it means that a 1% change in price will change demand by more than 1%. In this case, a a decrease of price by 1% will bring 2.9% increase in customers.

6 0
3 years ago
1. Use a financial calculator or computer software program to answer the following questions:
netineya [11]

Answer:

a. $66,889.63

b. $107,726.42

Explanation:

We use the Present value function that is to be reflected on the attachment

a. In the first case

Data provided in the question    

Future value = $450,000

Rate of interest = 10%

NPER = 20 years

PMT = $0

The formula is shown below:

= PV(Rate;NPER;PMT;FV;type)

So, after solving this, the present value is $66,889.63

b. In the second case

Data provided in the question    

Future value = $450,000

Rate of interest = 10%

NPER = 20 years

PMT = $0

The formula is shown below:

= PV(Rate;NPER;PMT;FV;type)

So, after solving this, the present value is $107,726.42

3 0
3 years ago
Alexis want to buy a house in 5 years. She wants to save $75,000 over the next five years for a down payment. If she can earn an
kotegsom [21]

Answer:

the monthly payment is $994.38

Explanation:

For computing the deposit amount made in equal payment for the next five years we need to apply the PMT formula i.e. to be shown in the attachment below:

Given that,  

Present value = $0

Future value or Face value = $75,000

RATE = 9% ÷ 12 = 0.75%

NPER = 5 years × 12 = 60 years

The formula is shown below:  

= PMT(RATE;NPER;PV;-FV;type)  

The future value come in negative  

So, after applying the above formula, the monthly payment is $994.38

5 0
4 years ago
Juarez Corporation produces cleaning compounds and solutions for industrial and household use. While most of its products are pr
Harlamova29_29 [7]

Answer:

4,684 jars

Explanation:

The computation of the minimum number of jars is shown below:

Minimum number of jars = Fixed cost ÷ Contribution margin per unit

where,

Fixed cost is $8,900

And,

Contribution margin per unit is

Sales revenue per jar $5.30

Less: Sales revenue lost per jar  ($3.20 × 1 ÷ 4) $0.8

Net sales revenue per jar $4.50

Les: Variable processing cost per jar  $2.10

Less: Variable selling cost per jar $0.50  

Contribution margin per jar $1.90

Based on this, the minimum number of jars is

= $8,900 ÷ $1.90

= 4,684 jars

7 0
4 years ago
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