Answer:
B) sample averages
Explanation:
The sampling distribution of the mean is the average of the population obtained from the sample. It shows the patterns that the sample mean (or average) tends to follow. If the population distribution is normal, then the sampling distribution of the mean should follow the same pattern for all the samples obtained from the population. The mean or average of the sampling distribution should equal the population mean.
Draw a curve that shows the relationship between quantity and total revenue when the demand curve for umbrellas is linear increases.
If demand is elastic (price elasticity > 1), price and total sales are negatively related. In other words, an increase in price leads to a decrease in total sales.
Revenue is the amount of money generated WITHOUT subtracting the costs of business. In economics, the total sales test is a means of determining whether demand is elastic or inelastic. If an increase in price leads to an increase in total sales, demand is said to be inelastic because the increase in price does not significantly affect the quantity demanded.
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Answer:
The correct option is E,product marketing and supply chain preparation
Explanation:
This last stage in product development process addresses the issues in last stage in the customer's purchase decision process, post-purchase evaluation.
In order for customers to perceive the product as been a perfect fit for their needs, their issue around maintenance , repair and warranties must be adequately addressed which is a justification for them to come back for repeat business.
Also, it is noteworthy that the consumers are not only purchasing the physical products but also the services after purchase known as augmented or extended product
Answer:
The answer is letter "D": Estimate the total transaction price of the contract based on the sum of the stand-alone selling prices of the goods.
Explanation:
There are five steps for revenue recognition established by the Financial Accounting Standards Board (<em>FASB</em>) which are: <em>Identifying the contract with a customer; Identifying the performance obligations in the contract; Determining the transaction price; Allocating the prices to the performance obligations </em>and<em>; Recognizing revenue.</em>
In that sense, estimating the total transaction price of the contract based on the sum of the stand-alone selling prices of the goods has nothing to do with it.
Explanation:
The appearance of a Salesperson goes a long way in subtly or otherwise telling the customer how professional the salesperson is and how much customers are probably believe in the product on sale.
So, the advice the text should give is that "Wear your hair short to suggest a conservative, professional, and business-like approach."..
