Complete Question :
Michael is in sales meeting with a potential client. The client is interested in the
product but is concerned that the product costs 15% more than the competitor's.
How should Michael handle this sales situation?
A.) Offer the client a 20% discount.
B.) Ask the client how much he or she would be willing to pay for the product.
C.) Show the client the better warranty and quality that comes with the slightly
higher cost.
D.) Say "Thanks for your time" and leave
Answer: C.) Show the client the better warranty and quality that comes with the slightly
higher cost.
Explanation: The fact that Michael's product costs 15% more than the price of it's competitor doesn't spell the end of the deal. What Michael needs to explain and make clear to the client in the sales meeting are the vague distinctions which exists between what his own product offering and that of it's competitors. Michael needs to let the potential buyers understand and get clearly the additional offers, quality or performance associated with his own product which ultimately accounts for the higher cost of his own product.
The concept of beta impacts financial decision making by providing information volatility or systematic risk of a security.
The information that provided by the concept of beta would take form in a comparison between your chosen securities with other securities that exist in the market. For investors who prefer low risk but small and steady return, they can use the concept of beta to find out the securities with low level of volatility.
Answer:
what will happen to the output is that it will decrease due to less consumers and less money to find production, price levels drop(deflation) so will unemployment increase in the shelter on due to no jobs or money to create
Answer:
a. 12.5 years
b. 13.5 years
Explanation:
China's output grew at an amazing rate of 8 percent per year from 2010 to 2014. At that rate how long would it take for China's GDP to double?
<em>That will be derived by 100% / 8% = 12.5 years </em>
b. With its population increasing at 0.6 percent per year, how long will it take for per capita GDP to double? 13.3 years Hint: Per capita GDP growth is equal to GDP growth minus population growth.
<em>That will be derived by 100% / (8% - 0.6%) = 13.5 years</em>
