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Vadim26 [7]
3 years ago
5

There are three key reasons for putting the customer into customer solutions in selling: (1) considerable time and effort is nec

essary to fully understand a specific customer's requirements; (2) effective customer solutions are based on relationships among sellers and buyers; and (3)
Business
1 answer:
Y_Kistochka [10]3 years ago
7 0

Answer:

Consultative selling is central to providing novel solutions for customers, thereby creating value for them

Explanation:

The customer is not actually buying product in most cases, he is actually buying solution of its problems which means that

  1. Analyzing customer's requirements is to make sales because if we don't know what actually the customer is demanding then we can't satisfy our customer.
  2. Effective customer relationship play vital role in making sales.
  3. Consultative selling helps in meeting the requirement of the customer, building customer loyalty by recommending them best option. This helps in generating value for both customers and suppliers.
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Total and Unit Product Cost Martinez Manufacturing Inc. showed the following costs for last month: Direct materials $7,000 Direc
Sav [38]

Answer and Explanation:

1. The classification of estimated manufacturing overhead is shown below:-

Direct materials =  Product cost

Direct labor = Product cost

Manufacturing overhead = Product cost

Selling expense = Period cost

2. The computation of total product cost for last month is shown below:-

= Direct materials + direct labors + manufacturing overhead

= $7,000 + $3,000 + $2,000

= $12,000

3. And, the unit product cost is

= Total product cost ÷ number of units

= $12,000 ÷ 4,000 units

= $3 per unit

5 0
3 years ago
A ____________ approach to solving the recession in this example would have no uncertainty regarding the attainment of the short
Ksju [112]

Answer:

monetarist approach                            

Explanation:

Monetarism relates to the school of thought that prioritizes the function of government agencies in regulating the number of resources in circulation in monetary economics. Monetarist theory argues that differences in the currency supply have significant short-term and longer-term impacts on federal output and price rates.

If a country's money supply decreases, business activity will rise, as per monetarist theory; the opposite is also correct. The monetarist philosophy is driven by a standard equation, MV= PQ, in which M will be the money supply, V is just the pace and P refers to the price of commodities, and Q is the sum of commodities.    

5 0
3 years ago
How does specialization benefit both producers and consumors in a free market economy?
Helen [10]
<span>Through specialization, both producers and consumers benefit. On the producer side, specialization allows producers to best use their resources in the most efficient manner possible by playing to their strengths, thus maximizing profit. On the consumer side, the fact that producers are specialized and thus efficient in their production ensures lower production costs than if products were made by less-specialized producers, translating into lower consumer-facing prices.</span>
7 0
3 years ago
What is the main type of health care system does the united states currently have?
Fynjy0 [20]
A national health<span> insurance </span>system<span>, or single-payer </span>system<span>, in which a single government entity acts as the administrator to collect all </span>health care<span> fees, and pay out all </span>health care<span> costs. Medical services are publicly financed but not publicly provided. Canada, Denmark, Taiwan, and Sweden </span>have<span> single-payer </span>systems<span>.</span>
8 0
3 years ago
WinterDreams operates a Rocky Mountain ski resort. The company is planning its lift ticket pricing for the coming ski season. In
Kitty [74]

Answer:

a. Would Mountain Point emphasize target pricing or cost-plus pricing? Why?

  • They emphasize cost plus pricing because the investors are seeking a desired rate of return on their investment and they do it by adding the desired profit margin to their costs.

b. If other resorts in the area charge $66 per day, what price should Mount Snow charge?

  • $75.50 in order for them to generate the required ROI. Since the resort has a very good reputation, it can charge a higher price than its competitors.

Explanation:

company's assets = $115,000,000

expected return on investment = 16%

fixed costs = $35,600,000

number of customers = 800,000

variable costs = $8 per customer x 800,000 = $6,400,000

total costs = $42,000,000

total cost per client = $42,000,000 / 800,000 = $52.50

desired profit = $115,000,000 x 16% = $18,400,000

desired profit per client = $18,400,000 / 800,000 = $23

price per ticket = $75.50

8 0
3 years ago
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