Answer:Decrease in supply.
Explanation: Supply is the amount of goods and services which an individual is willing and ready to purchase at a given price. The invention of a new technology which makes gasoline production less costly will lead to a decrease in price. Producers reduces supply when there's a decrease in price and increase supply when there's an increase in price. Also, the destruction of several oil fields means that there would be a reduction in the supply of oil in the economy. Since oil fields have been destroyed, it will have a negative effect on supply.
Answer:
More than $40, as the marginal benefit will exceed the marginal cost.
Explanation:
A firm should continue to produce a good or service, to hire an additional worker, and to engage in any type of economic activity as long as the marginal benefit is higher than the marginal cost.
In this case, operating one room for the night costs $40. That is the marginal cost. What the customer pays for renting the room for the night is the marginal cost. Therefore, as long as the customer pays more than $40 for the night, the hotel should rent out the room, because the marginal benefit is higher than the marginal cost.
Answer:
9. True
10. Lead generations
11. Sales pitch
12. qualifying leads
Explanation: Hope this helps! :) ~Zane
Answer:
By adjusting the size of the sales force in one-person increments
Explanation:
Personal selling refers to the form of product promotion wherein the seller directly interacts with the prospect on one to one basis enumerating product attributes and different uses. Under it, the seller tries to persuade the buyer and tries to effect a sale.
The goal of personal selling is to build long term relationship with the buyer alongside customer satisfaction.
The size of the sales force determines the cost of the personal selling activity relating to promoting products and services. Greater the size of the sales force i.e number of personnel employed to cater to prospects in a particular region, greater will be the cost of promotion in the form of salary of those personnel coupled with commission and incenetives.
Under one person increment, the increement in salary of a sales person depends upon individually how much sales value has been effected by him or directly attributable to him. Adjusting sales force size in one person increments, thus reduces the cost of promotion.
Answer:
The answer is: B) False
Explanation:
By definition in a monopolistic competition, all the suppliers offer differentiated products from one another. Their cosmetic product s are already seen as different by the market (both customers and competitors) and no competitive substitute products are available. So the company should start focusing their promotional strategies more on its clients than on their products.