Answer:
C. Personal selling
Explanation:
In personal selling, a sales representative engages the customer on a one-one conversation in an attempt to persuade them to buy a product or service. The sales person makes us of his or her skill, experience, and abilities to convince the buy the goods or services. Personal selling is also known as face-face selling.
Personal selling requires a sale representative to have good interpersonal skills. The salesperson will point out at the salient features and benefits in a bid to convince the customer that the product will add value to them. The customers seek as much information as they desire and gets the opportunity to negotiate for better prices.
school or expirence and the knowledge to do it and th ejob right
Answer:
The cost is $1.68 per $1000 per liability coverage
Explanation:
In order to calculate the Cost per $1000 per liability coverage, according to the data we have, we would have to use the following formula:
Cost per $1000 per liability coverage = Annual liability coverage cost / (Maximum body injury coverage + Maximum property coverage coverage)
= [$286 / ($125 + $45)]
= ($286 / $170)
=$1.68
Hence, the cost is $1.68 per $1000 per liability coverage.
Answer:
The rate at which money circulates through an economy.
The velocity of money is 2.
Explanation:
The velocity of money is the rate at which money circulates in an economy. It can be defined as the rate at which money is exchanged or is used to purchase goods and services.
It is the number of times money changes hands or number of times money has been used in a given period of time.
According to the equation of exchange,
Nominal output
= 
Velocity of money
= 
= 
= 2
