Answer: Minimizing non selling time
Explanation:
In personal selling the sales representative have to visit client to client, door to door and interact with customers with a good sales pitch. This requires a lot of time and resources. If managed effectively the sales rep. can save time and reach maximum number of customers in a short period of time.
Answer:
The correct option is A, insourcing
Explanation:
Insourcing refers to the processes of developing competences,skills and capabilities within the organization rather placing core functions in the hands of external firm by using employees of the company.
Even though insourcing is more expensive in short-term but it is cheaper overall than outsourcing in the long-run.
Outsouring is contracting tasks to outside firms that are known as experts in their respective fields of human endeavors.
Benchmarking is about comparing processes within the organization with similar firms modes of operations in order to identify best practice
Answer:
Explanation:
Earning per share = Net income/ Total Stock
Earning per share = 401000/26700
Earning per share = 15.019
Price earning = price per share/EPS
Price earning = 33.5/15.019
Price earning = 2.23
Answer:
Current Period Productivity= 3.7units/hour
Previous Period Productivity= 2.9units/hour
Explanation:
Giving the following information:
Worker produced 185 units while working 50 hours.
In the previous week, the same worker produced 116 units while working 40 hours.
We will compute productivity based on units per hour.
Worker productivity= Total units/total hours
Current Period Productivity= 185/50= 3.7units/hour
Previous Period Productivity= 116/40= 2.9units/hour
Answer:
Does not have the ability to control the price of the product it sells
Explanation:
A price taker is a firm that doesn't have the ability to control the price of the product they sell.
Price taker exist in a perfectly competitive market where individual firms cannot dictate prices of goods and services.
A perfectly competitive market is characterised by
1) presence of large number of buyers and sellers.
2) There is free entry and exit.
3) Sellers sell homogenous product, that is, identical product.
4) Buyers have access to information.
In contrast to price taker, we also have price makers who have the ability to control the prices of product they sell.
