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enot [183]
3 years ago
10

Marcie works as a salesperson for a major cosmetics manufacturer. She typically begins by approaching potential customers with v

ery expensive products, even though she knows that they will refuse. This refusal makes it easier for Marcie to sell other products which are relatively cheaper by showing consumers that she has been "apparently hurt" by their rejection. This is an example of the _____ sales technique.
Business
1 answer:
Sphinxa [80]3 years ago
6 0

Answer:

door in the face sales technique

Explanation:

The door in the face (DITF) sales technique is used when the salesperson purposely makes a large request knowing that it will be rejected, and then following the sales approach by offering a much smaller request that is more reasonable and easily accepted.

For example, you want your parents to buy you a new motorcycle. Instead of asking your parents for a new motorcycle, you ask them to buy you a car. You know that they will probably reject the idea of giving you a car, but after they reject your initial proposal, you ask them to at least buy you a motorcycle. That will seem to be a much more reasonable request.

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When determining its marketing mix for a new product, a company decides to price the item in the discount category, with low-cos
Andrews [41]

The given statement " When determining its marketing mix for a new product, a company decides to price the item in the discount category, with low-cost packaging. The company would most likely choose a minimal promotions strategy with few, if any, broad communications " is TRUE.

Explanation:

The marketing mix relates to the series of measures or strategies used by a corporation to sell a commodity or product on the marketplace.

The 4Ps represent a traditional marketing blend, including price ,product ,promotion and place.

  • Define the firm's Single Sales Proposal (USP).
  • Describe the brand target audience.
  • Define in depth the element.
  • Develop a product pricing plan.
  • Recognise the market location of the product. Specify the advertising techniques you are using for the product.
5 0
3 years ago
On July 1, Year 1, Danzer Industries Inc. issued $40,000,000 of 10-year, 7% bonds at a market (effective) interest rate of 8%, r
Tomtit [17]

Answer:

1.Dr Cash 37,282,062

Dr Discount on bonds payable 2,717,938

  Cr Bonds payable 40,000,000

2a.Dr Interest expense 1,535,896.90

Cr Cash 1,400,000

Cr Discount on bonds payable 135,896.90

b.Dr Interest expense 1,535,896.90

  Cr Cash 1,400,000

  Cr Discount on bonds payable 135,896.90

3.$1,535,896.90

4. Yes

5.$37,282,000

Explanation:

1. Preparation of the Journal entry to record the amount of cash proceeds from the issuance of the bonds on July 1, Year 1.

Dr Cash 37,282,062

Dr Discount on bonds payable 2,717,938

(40,000,000-37,282,062)

  Cr Bonds payable 40,000,000

2. Preparation of the Journal entries to record the following:

a. Journal entry to record the first semiannual interest payment on December 31, Year 1, and the amortization of the bond discount

First coupon payment December 31, Year 1, f

Dr Interest expense 1,535,896.90

(1,400,000+135,896.90)

Cr Cash 1,400,000

Cr Discount on bonds payable 135,896.90

(2,717,938 / 20 coupons = $135,896.90)

b. Journal entry to record the interest payment on June 30, Year 2, and the amortization of the bond discount

June 30, Year 2, second coupon payment

Dr Interest expense 1,535,896.90

    Cr Cash 1,400,000

  Cr Discount on bonds payable 135,896.90

(2,717,938 / 20 coupons = $135,896.90)

3. Calculation to Determine the total interest expense for Year 1.

Cash 1,400,000 + Discount on bonds payable 135,896.90 = $1,535,896.90

4. Yes the bond proceeds will always be less than the face amount of the bonds in a situation where the contract rate is less than the market rate of interest because if we have a high market rate than the coupon, this would mean that the bonds will sell at a discount

5. Computation for the price of $37,282,062 received for the bonds using the present value tables

PV factor, 4%, 20 periods =0.4564

PV annuity factor, 4%, 20 periods =13.590

Present Value (Face value) = $40,000,000 x 0.4564 = $18,256,000

PV of coupon payments = $1,400,000 x 13.590 = $19,026,000

Therefore the bond's market price will be:

Present Value (Face value) +PV of coupon payments

Bond's market price = $18,256,000 + $19,026,000

b

Bond's market price = $37,282,000

5 0
3 years ago
Choosing a car that costs __________ instead of a car that costs __________ means that you'll have less money available for othe
Savatey [412]

Answer: A. $8000; $7000

Explanation: If they spend more money, they will have less money for other purchases.

8 0
3 years ago
Hemming uses a periodic inventory system. (a) Determine the costs assigned to ending inventory and to cost of goods sold using F
stepladder [879]

Answer:

(a) Determine the costs assigned to ending inventory and to cost of goods sold using FIFO.

Cost of Inventory 4,900

Cost of goods sold 13850

(b) Determine the costs assigned to ending inventory and to cost of goods sold using LIFO.

Cost of Inventory 6,300

Cost of goods sold 12450

(c) Compute the gross margin for each method.

Sales = 36,000

FIFO

Gross profit Margin = (36000 - 13850) / 36000 = 61.5%

Gross profit Margin = (36000 - 12450) / 36000 = 65.4%

Explanation:

The working is attached in an MS Excel file with this answer. Please find it.

7 0
3 years ago
What ethical theory looks at the present in assessing the impact of alternate sentences, focusing less on the act committed and
Korolek [52]

Answer:

Virtue ethics

Explanation:

Virtue ethics are defined as normative ethical theories which is centered around virtues of the mind, character, and a total sense of honesty.

4 0
4 years ago
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