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nlexa [21]
3 years ago
7

Rita, a salesperson in a textile manufacturing company, makes a sales pitch to a representative of a garment manufacturing compa

ny. During the sales presentation, Rita shows the representative a few samples of the new fabric that Rita's company recently introduced in the market. The representative, however, expresses concern that her customers may not be keen on wearing clothes made of those fabrics. Rita responds to this by saying "I can certainly understand your apprehensions. Mark, from a company similar to yours, had the same concerns initially. However, we recently received feedback from him, and he says that his customers love the clothes made from the new fabric." In this case, Rita uses the _____ method to handle sales resistance.
Business
1 answer:
torisob [31]3 years ago
5 0

Answer: The options are given below:

A. forestalling

B. direct denial

C. translation

D. coming to that

E. feel, felt, found

The correct option is E.

Explanation: The feel, felt, found method is a strategy that is age-tested and has been proven to persuade customers gently into a new way of thinking about a particular product or service.

There are three separate but essential parts to the feel, felt, found method, they are;

- Feel, which is basically used in the context below:

“I understand how you feel.”

Using sentences like this will let a customer know that you heard him/her and that you can relate with his or her complaints.

- Felt, which is usually used in the context below:

“Initially, other customers felt that way.”

Using words like these is basically letting the client know that their initial thought about the product or service is common, and that it is subject to change.

- Found, which can be used in the context below:

“What they discovered, however, was that after taking so and so action was that they got positive results"

This will let the client know that there is an action that should be taken to get the desired result, and this is the action you want the client to take.

This is the strategy that Rita in the question above used.

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Blossom Corporation is authorized to issue 49,000 shares of $5 par value common stock. During 2017, Blossom took part in the fol
Tanzania [10]

Answer:

See explanation section

Explanation:

Requirement A

Debit      Cash                                         $194,600

Credit     Common stock - Par value                             $ 22,500

Credit     Common stock - Additional paid-in-capital   $172,100

Calculation:

Cash:  4,500 shares × $45 = $202,500

As the company's par value is $5,

Common stock - Par value: 4,500 shares × $5 = $22,500

As the market value of the stock is $45, the additional stock value = $45 - $5 = $40. Moreover, the company has issuance cost of $7,900

Additional common stock apart from par value minus the issuance cost = ($4,500 shares × $40) - $7,900 = $180,000 - $7,900 = $172,100.

<em>The company issue common stock with a market value of $45 and issuance cost of $7,900 in exchange of cash.</em>

Requirement B

Debit      Land                                         $50,600

Credit     Common stock - Par value                             $ 5,500

Credit     Common stock - Additional paid-in-capital   $45,100

Calculation:

Land:  1,100 shares × $46 = $50,600

As the company's par value is $5,

Common stock - Par value: 1,100 shares × $5 = $5,500

As the market value of the stock is $46, the additional stock value = $46 - $5 = $41.

Additional common stock apart from par value = ($1,100 shares × $41) = $45,100.

Although the land is appraised for $49,000, due to the increased market price stock, it is valued more.

<em>The company issue common stock with a market value of $46 in exchange for land.</em>

Requirement C

Debit    Treasury Stock          $19,270

Credit              Cash                $19,270

Purchasing share from the stock market is known as treasury stock.

Calculation: Treasury stock = 470 shares × $41 = $19,270

Debit     Cash                          $17,860

Credit    Common Stock - par value                             $2,350

Credit    Common stock - Additional paid-in-capital   $15,510

Calculation:

As the company's par value is $5,

Common stock - Par value: 470 shares × $5 = $2,350

Additional common stock apart from par value = $470 shares × ($38 - $5) = $15,510.

<em>The company issue common stock with a market value of $38 after purchasing those treasury stock at $41 per share.</em>

3 0
4 years ago
Pendleton Company, a merchandising company, is developing its master budget for 2015. The income statement for 2014 is as follow
Amanda [17]

Answer:

<u>Budgeted functional income statement for 2015</u>

Gross sales ($2,000,000  × 1.04 × 1.06)                                       $2,204,800

Less: Estimated uncollectible accounts ($2,204,800 × 2 %)         ($44,096)

Net sales                                                                                        $2,160,704

Cost of goods sold (1,100,000 × 1.03)                                          ($1,133,000)

Gross profit                                                                                     $1,027,704

Operating expenses (475,000 × 1.10)                                            ($522,500)

Depreciation                                                                                     ($25,000)

Net income                                                                                       $480,204

Explanation:

Make the adjustments stated on the 2014 Income Statement.

For Operating Expenses, it is wise to first remove the depreciation expense and apply the increment of 10% to reflect Operating Costs for 2015.

Treat Depreciation Expense separately and at the same amount as for 2014, since depreciation is calculated on straight line method.

3 0
3 years ago
LyTV, a large U.S. based broadcast network, receives royalty payments from TipTV, a small Ukrainian broadcast network, for using
riadik2000 [5.3K]

Answer:

Licensing

Explanation:

Licensing is a business arrangement in which an company gives permission or right to another company to produce its product by issuing a license for an exchange for a fee called "royalty".

The firm who permit and issues the licence to another firm is called LICENSOR.

The firm who receives the license is called the LICENSEE.

LyTV is the LICENSOR.

TipTV is the LICENSEE.

TipTV will pay a royalty to LyTV for permitting it to use its channels.

LyTV is giving permission to TipTV to use its channels and television programs in exchange for a royalty.

7 0
3 years ago
Consider the following events:25,000 shares of preferred stock, cumulative, 5%, $10 par was issued for $15 a share.The annual ca
Mars2501 [29]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

Download xlsx
5 0
3 years ago
Which choices will help you cut back on expenses so that you can spend more money on promotions or advertising? check all that a
WINSTONCH [101]

The choices that will help you cut back on expenses so that you can spend more money on promotions or advertising are options(2), (3). and (4)i.e,  Use less-expensive ingredients, Look for discounted or used machines and Hire a young employee at minimum wage.

Advertising is a marketing plan involving repaying for room to advance a brand, service, or cause. The real advertising ideas are named advertisements or ads for short. The aim of displaying search outreach folk most likely expected not quite finance a party's products or duties and persuade bureaucracy to buy.

Advertising helps experience consumers about by means of what your fruit or aids help bureaucracy and what your brand stands for. Promotions concern the whole set of activities, that correspond to the amount, brand, or aid to the user. The planned search form national awareness, bringing and encouraging to buy the fruit, alternatively over others.

To know more about Advertising refer to: brainly.com/question/3163475

#SPJ4

The complete question is:

Which choices will help you cut back on expenses so that you can spend more money on promotions or advertising check all that apply 1. Move to a higher-reng building 2. Use less-expensive ingredients 3. Look for discounted or used machines 4. Hire a young employee at minimum wage 5. Hire a manager to help the business grow

5 0
1 year ago
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