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Goryan [66]
2 years ago
5

Describe personal selling. Personal selling is direct communication between a sales representative and one or more prospective b

uyers in an attempt to influence each other in a purchase situation. Broadly speaking, all businesspeople use personal selling to promote themselves and their ideas. Personal selling offers several advantages over other forms of promotion. Personal selling allows salespeople to thoroughly explain and demonstrate a product. Salespeople have the flexibility to tailor a sales proposal to the needs and preferences of individual customers. Personal selling is more efficient than other forms of promotion because salespeople target qualified prospects and avoid wasting efforts on unlikely buyers. Personal selling affords greater managerial control over promotion costs. Finally, personal selling is the most effective method of closing a sale and producing satisfied customers.
5.1 Discuss the role of personal selling in promoting products. What advantages does personal selling offer over other forms of promotion?

5.2 What are the major advantages of personal selling to the company selling a product? What are the advantages to the person or company buying the product?
Business
1 answer:
ELEN [110]2 years ago
7 0

Explanation:

<u>5.1 Discuss the role of personal selling in promoting products. What advantages does personal selling offer over other forms of promotion?</u>

Personal selling is a traditional sales method that consists of a more personalized service and a more efficient product promotion compared to other forms of promotion. This is due to the fact that, in a personal sale, there is the direct influence of the seller to explain the functionalities and characteristics of a product, which is usually done using sales and negotiation techniques that directly influence the buyer to feel the need for the product that is being promoted. The advantages of personal selling as opposed to other types of promotion, is the possibility of reducing the time and effort of purchase, since in this type of sale, the seller goes to the customer to offer the product.

<u></u>

<u>5.2 What are the major advantages of personal selling to the company selling a product? What are the advantages to the person or company buying the product?</u>

The biggest advantages of personal selling for the company that sells a product is the greater possibility of having a closed purchase, since the potential sales are made with your potential customers. There is also a decrease with other types of product promotion, which can be costly, such as advertising an advertisement on television, and which may not generate the expected goal of increasing product sales.

The advantages for the person or company that buys the product is the possibility of knowing and seeing the functionality of the product before purchasing and the possibility of negotiating and providing meaningful feedback, which can influence the seller to make the sales proposal more flexible by making it more attractive to the customer. Personal selling also creates value for the customer, as the service is personalized, based on their profile, characteristics, desires and needs.

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Answer:

Randy can deduct $33,900 interest expense as an itemized deduction.

Explanation:

a) Data and Calculations:

Mortgage interest on residence = $29,800

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Total deductible interest =             $33,900

b) The car loan interest that Randy incurred is not tax-deductible unless the car is used for his business.  Otherwise, only the portion used for business is deductible.  It is assumed that the car loan interest was incurred for private use and not business use.  Therefore, it is not deductible.

6 0
2 years ago
A bank is earning 6 percent on its $150 million in earning assets and is paying 4.75 percent of its liabilities. The bank's inte
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Which of the following is the best example of correlation not being the same as causation? A. A company redesigns a production p
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Answer: D. During an economic downturn, a company changes its computer policy to only allow purchases of windows-based laptops and see profits go down. The company concludes that windows-based laptops cause profits to go down

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In the other options, the new activity done by the company were definite causes of the effects that followed. A more efficient production process will cause gains in productivity. Coupons will bring in more sales and paying employees more will encourage them to engage in more sales.

Concluding that a computer type causes profits to go down however in a period where the economy as a whole is buying less, is simply correlation. In an economic downturn, people are buying less goods in general. The laptops will be no exception and it is not a reflection of people's preference or lack thereof of them.

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3 years ago
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