Answer:
True
Explanation:
Trust must exist between the agent and the client, and the agent should remain loyal to his or her client.
Agency relationships exist when an agent (a person) acts for or on behalf of his client (also referred to as the principal).
This type of relationship can only exist as long as mutual trust exists between the agent and his client.
Unfortunately, you realize that even if you do hire an agency, you will still have to provide the agency with statements regarding <u>the value proposition and the marketing mix.</u>
<u>Option: A</u>
<u>Explanation:</u>
The marketing blend consists essentially of four components. These are: Position, Price, Promotion and Product. The availability of the market differs among the firms relying on how each company chooses on the proportions of the 4 Ps listed herein.
A firm's Quality Proposal is the mix of advantages or principles that consumers are offered to improve their own lives. Organizations typically aim to build a good value proposition that will provide them the maximum competitive advantage over their rivals.
A mission statement defines the company vision and objectives.
A vision statement focuses more on the future goals and is usually longer than a mission statement because it covers things company purpose, goals, how it will be achieved, etc.
Answer:
Wilson Towing Service
Income Statement
For the month ending June 30, 2016
Service revenue $12,500
Salaries expense ($2,500)
<u>Rent expense ($500)</u>
Operating profit $9,500
The income statement tells us how much profit/loss did a business make during a certain period of time. In this case, the operating profit was $9,500. In order to calculate net income we would need to subtract taxes but we are not given the tax rate or the taxes due.
The correct answer is C. Average daily balance method.
In average daily we consider balance interest or owed at the end of the day.
To calculate debt credit card we take the percentage of the total amount of current balance which will be termed as the interest then add one percent of the principal.
T o calculate for daily credit card balance we total the balance in the billing cycle everyday then you will divide your total with the number of days which in the cycle.
