1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Goryan [66]
3 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]3 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.

You might be interested in
The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2017.Raw Materials Invento
konstantin123 [22]

Answer:

A) cost of goods manufactured schedule

Factory Insurance                                                  4,700

Factory Utilities                                                    29,100

Factory Machinery Depreciation                        19,000

Direct Labor                                                        147,750

Plant Manager`s Salary                                       65,600

Indirect Labor                                                      26,560

Factory Property Taxes                                         9,810

Factory Repairs                                                      1,600

Add Beginning Work in Process Inventory       26,800

Less Closing Work in Process Inventory          (22,300)

Cost of Goods Manufactured                         $308,620

B) income statement through gross profit

Sales Revenue                                                                   564,000

Less Sales Discounts                                                            (4,700)

Net Sales                                                                            559,300

Less Cost of Goods Sold :

Finished Goods Inventory                                98,200

Add Cost of Goods Manufactured                 308,620

Less Closing Finished Goods Inventory         (26,100)   (380,720)

Gross Profit                                                                         178,580

C) current assets section of the balance sheet at June 30,2017

<u>Current Assets</u>

Raw Materials Inventory      46,000

Work in Process Inventory   22,300

Finished Goods Inventory    26,100

Accounts Receivable            27,100

Cash                                      35,600

Total Current Assets           157,100

Explanation:

<u>Raw Materials Consumed in Production Calculation</u>

<em>Open a Raw Materials T - Account as follows :</em>

<u>Debit :</u>

Opening Balance                                                      $51,100

Purchases                                                                $97,500

Totals                                                                      $148,600

<u>Credit :</u>

Closing  Balance                                                      $46,000

Requisitioned for Production  (Balancing figure) $102,600

Totals                                                                      $148,600

3 0
3 years ago
Country a has a temperate climate and can grow bananas in the spring. it produces 42,000 pounds of bananas per year per growing
german

Country A would have absolute advantage because it produces the most pounds of bananas per year per growing acre.

<h3>What is Absolute advantage?</h3>

This is defined as the ability to produce more than available competitors in the market.

Country A produces more pounds of bananas per year per growing acre which is why it has an absolute advantage over country B.

Read more about Absolute advantage here brainly.com/question/1655791

8 0
2 years ago
Assume that the marginal cost​ (MC) of production is increasingincreasing. Can you determine whether the average variable cost​
ki77a [65]

Answer:

YES - When marginal cost​ (MC) of production is increasing, the average variable cost​ (AVC) is increasing.

Explanation:

Marginal cost (MC) is the cost of producing an extra unit of output while Average variable cost (AVC) is the cost per unit of output produced.

When MC is below AVC, MC pulls the average down. This means that when MC is falling, AVC is falling

When MC is above AVC, MC is pushing the average up; therefore when MC is rising, AVC is rising.

The conclusion is that MC and AVC have a direct relationship and a rise in one will cause a rise in the other , therefore when the marginal cost​ (MC) of production is increasing, the average variable cost​ (AVC) is increasing.

3 0
3 years ago
Red Co. acquired 100% of Green, Inc. on January 1, 2017. On that date, Green had land with a book value of $42,000 and a fair va
Sergeeva-Olga [200]

Answer:

$5,000

Explanation:

The computation of total amount of excess fair over book value amortization expense adjustments to be recognized by red is shown below:-

Excess of fair value over book value =  Land fair value - Land book value

= $52,000 -$42,000

= -$10,000

Here land is not amortized

Excess of fair value over book value = Building fair value - Building book value

= $390,000 - $200,000

= $190,000

Excess fair value over book value amortization expense adjustments to be recognized by red = Excess of fair value over book value of building ÷ Number of Years

= $190,000 ÷ 10

= $19,000

Excess of fair value over book value = Equipment fair value - Equipment book value

= $280,000 - $350,000

= ($70,000)

Excess fair value over book value amortization expense adjustments to be recognized by red for equipment = Excess of fair value over book value of equipment ÷ Number of Years

= ($70,000) ÷ 5

= ($14,000)

Total amount of excess fair over book value amortization expense adjustments to be recognized by red

= $19,000 - $14,000

= $5,000

7 0
3 years ago
What is the impact of inflation on business cycles?​
harkovskaia [24]

Answer:

Inflation is the rise in the price of goods and services in an economy over a certain period. Inflation that is controlled and low generally helps an economy recover from a recession and results in increases in employment

Explanation:

mark me brainliest

4 0
2 years ago
Read 2 more answers
Other questions:
  • A company currently pays a dividend of $3.4 per share (D0 = $3.4). It is estimated that the company's dividend will grow at a ra
    10·1 answer
  • You're trying to determine whether to expand your business by building a new manufacturing plant. The plant has an installation
    6·1 answer
  • The primary reason many people become entrepreneurs is to:
    5·1 answer
  • Which of the following accounts allows full access to the system, while accessing other systems on the network? Local Admin acco
    14·1 answer
  • Recruiting and retaining capable employees A. B) is important because the quality of an organization's people is always an essen
    10·1 answer
  • Pine Street Inc. makes unfinished bookcases that it sells for $58. Production costs are $38 variable and $10 fixed. Because it h
    13·1 answer
  • By attending to the aesthetic appeal of Internet ___________, we can target niche groups that are often elusive, when it comes t
    6·1 answer
  • Ramort Company reports the following cost data for its single product. The company regularly sells 21,500 units of its product a
    15·1 answer
  • Consider a hypothetical business problem of increased number of incidents and service requests raised by the users that was affe
    13·1 answer
  • In the context of globalization and ethical obligations of mncs, the offshoring of highly technical jobs can also result in the
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!