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According to the trust-based relationship selling process framework, "discovering prospect's needs" is a part of the i</span>nitiating customer relationship as a component of the framework.
<span> The initiation of customer relation is involved in the CRM (Customer Relationship Management), an approach that includes the interaction with current and potential </span>customers<span>. </span>
Answer:
The company should recognise $929,000 as the cost the land as this the fair value as at the date when management considers to build the warehouse.
Explanation:
Cost at date of purchase of land
The inital cost of the land is $1,026,500 (cost + grading cost); and since it was leased out, it will be accounted for in line with IAS 40 (Investment Property) to earn investment income (i.e. lease income).
Measurement of Investment property
An investment property can be measured at cost or fair value. The question didn't say that the land was depreciated, hence its assumed that it was measured at fair vale.
Measurement at date of commencement of constructing the warehouse
IAS 40 permits transferring investment property (e.g the land) to owner occupied property (i.e. the warehouse). Hence in determining the value of the land at this date we have measure the value in line with IFRS 13 (Fair Value Measurement).
Since we know the current market value of the asset at this date as $929,000. This would be recognised as the cost of the land.
Answer:Impose a high Import tariff
Explanation: A Tariff is a tax imposed on products imported into a country from another country,tariff is aimed at controlling the excess import of certain goods especially if a country has it own local producers of such products. It will also prevent the importing country from being a "dumping ground" for all sorts of products. By applying a high Import tariff,the producer will restrict by itself the quantity it will export into another country as Demand for the imported product will be affected by Increased price.
<span>a drought has impacted the population size of the frogs.
I just did this test</span>
Answer:
The correct answer is: enter the market; exit the market.
Explanation:
In a perfectly competitive market, there is no restriction on entry and exit of firms. So profits will attract other potential firms to join the market. And when the existing firm incurs losses it will cause them to stop operating and exit the market.
Because of this, the firms in competitive settings are motivated to produce at a low cost and they come up with new ideas to please customers so that they earn a profit.
