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nlexa [21]
4 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]4 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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How does a market economy operate?
Tanya [424]

Answer:

The principle of market economy dictates that producers and sellers of goods and services will offer them at the highest possible price that consumers are willing to pay for goods or services. When the level of supply meets the level of demand, a natural economic equilibrium is achieved.

Explanation:

5 0
3 years ago
Chevrolet has decided to focus on emergent consumers in the automobile market, which includes those individuals who are graduati
dimaraw [331]

Answer:

Targeting.

Explanation:

STP marketing stands for segmentation, targeting and positioning. The STP of a company is how it decides to compete in a market, and is tailored to a business's unique situation.

Chevrolet has decided to focus on emergent consumers in the automobile market, which includes those individuals who are graduating from college and either heading off to college or the workforce.

Chevrolet is engaging in the targeting aspect of STP.

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3 years ago
Dante’s employer pays for insurance for doctor visits and hospital visits. However, Dante has to pay for his own prescriptions.
Lyrx [107]

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7 0
3 years ago
Consider two goods that are substitutes. A price increase for one good will cause the quantity demanded of that good to_________
slega [8]

Answer:

The correct answer is: decrease; increase; increase; quantity demanded

Explanation:

A substitute of a good is that good which can be used in its place, for instance, tea and coffee.

So when price of a good increases its quantity demanded will decline because of law of demand. The consumers will prefer the cheaper substitute. So more of the substitute good will be demanded.

Now, if two goods are complements it means they are used together, for instance, car and fuel. So when price of a good increases, the consumers are able to afford fewer quantity of the good.

So consumers will purchase less of both the good as well as it's complement.

7 0
4 years ago
Diana Corporation provides the following information for 2017 Calculate a. cost of goods manufactured in 2017 and b. cost of goo
never [62]

Question Completion:

Diana Corporation provides the following information for 2017: 2-3 Beginning work-in-process inventory, 1/1/2017 Total manufacturing costs incurred in 2017 Ending work-in-process inventory, 12/31/2017 Beginning inventory of finished goods, 1/1/2017 Ending inventory of finished goods, 12/31/2017 $ 9,000 $160,000 $ 8,000 $ 15,000 $ 21,000 -) 195.000

Answer:

Diana Corporation

Aa. Cost of Goods Manufactured in 2017 is:

= $161,000

Ab. Cost of Goods Sold in 2017 is:

= $155,000

B1. Direct materials inventory, total cost, December 31, 2017:

= $ 8,000

B2. Finished Goods Inventory, total units, December 31, 2017:

= 13,125 units

B3. Selling Price in 2017 is:

= $4.92

B4. Operating Income for 2017:

Revenue                $473,200

Cost of goods sold  155,000

Gross profit           $318,200

Marketing, distribution,

and customer-service

Expenses                 195,000

Operating Income $123,200

Explanation:

a) Data and Calculations:

Beginning work-in-process inventory, 1/1/2017 = $ 9,000

Total manufacturing costs incurred in 2017 = $160,000

Ending work-in-process inventory, 12/31/2017 = $ 8,000

Beginning inventory of finished goods, 1/1/2017 = $ 15,000

Ending inventory of finished goods, 12/31/2017 = $ 21,000

Production in 2017 = 100,000 units

Direct materials = 2 pounds for 1 unit of finished product.

Revenue in 2017 = $473,200

Ending inventory of finished goods = average cost.

Finished goods inventory at December 31, 2017 = $20,970

Selling and Distribution expenses = $195,000

Cost of goods manufacturing in 2017:

Beginning work-in-process inventory, 1/1/2017 =  $ 9,000

Total manufacturing costs incurred in 2017 =    $160,000

Ending work-in-process inventory, 12/31/2017 = ($ 8,000)

Cost of goods manufactured in 2017 =             $161,000

Cost of goods sold in 2017:

Beginning inventory of finished goods, 1/1/2017 =  $ 15,000

Cost of goods manufactured in 2017 =                   $161,000

Ending inventory of finished goods, 12/31/2017 =  $ 21,000

Cost of goods sold in 2017 =                                $155,000

Production in 2017 = 100,000 units

Direct materials cost per unit = $161,000/100,000 = $1.61

Total units of finished goods inventory

Beginning inventory of finished goods, 1/1/2017 =  $ 15,000

Cost of goods manufactured in 2017 =                   $161,000

Total cost of goods available for sale = $176,000

Units = $176,000/$1.61 = 109,317 units

Ending units of finished goods inventory = $21,000/$1.61 = 13,125 units

Selling price in 2017:

Cost of goods sold = $155,000

Unit cost = $1.61

Units sold = $155,000/$1.61

= 96,273 units

Selling price = Revenue/Units sold = $473,200/96,273 = $4.92

Operating income for 2017

4 0
3 years ago
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