Answer:
The correct answer is <u>C) A person who owns a hotel chain and rents out a unit for a fee.</u>
Effective sales management begins with determining sales goals to be met by the sales force. Hence, option A is correct.
<h3>What is
sales management?</h3>
Sales management is the management of the sales members of the team. It involves different factors of sales, like hiring, educating, and inspiring the sales team; predicting sales and setting goals; and creating efficient lead management and sales-boosting tactics.
Sales is the primary benchmark of the success of the company, as the sales manager has to make different strategies to achieve the target.
Thus, option A is correct.
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Answer:
Pronghorn Inc.
Inventory Turnover = 7 times
Days in inventory = 52.14 days
Gross profit rate = 47.86%
Explanation:
a) Data and Calculations:
Beginning inventory $10,620
Ending inventory 13,430
Average inventory = $12,025 ($10,620 + $13,430)/2
Cost of goods sold 84,175
Sales 146,100
Gross profit = $69,925 ($146,100 - $84,175)
Inventory Turnover = Cost of Goods Sold/Average Inventory
= $84,175/$12,025
= 7 times
Days in inventory = 365/7 = 52.14 days
Gross profit rate = Gross profit/Sales * 100
= $69,925/$146,100 * 100
= 47.86%
Answer:
shortage
Explanation:
When the price of a good is too low, a shortage results when buyers want more of the good than sellers are willing to supply at that price.
Answer:
80%
Explanation:
For computing the return on investment first we have to need the following calculations
New contribution margin = Old contribution margin + increase in contribution margin
= $260,000 + $30,000
= $290,000
And,
Net Income = Contribution margin - Total direct fixed costs
= $290,000 - $90,000
= $200,000
ROI = Net income ÷ average operating assets
= $200,000 ÷ $250,000
= 80%