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Ivanshal [37]
3 years ago
6

Ryan is trying to dispel the myth that the role of salespeople is to "sell refrigerators to Eskimos." He tells his salespeople t

hat their organization needs to be a customer-centric organization that helps customers:
A. by identifying problems.
B. by finding information about potential solutions.
C. by providing after-sale service.
D. by making the customer the center of their efforts.
E. all of the above.
Business
1 answer:
masha68 [24]3 years ago
5 0

Answer:

E. All of the Above

Explanation:

A customer centric organisation represents an organisation that puts the customer of its products as well as their experience with the product at the centre of its activities. Customer satisfaction both before and after sales of products is core to such organisations.

Since, Ryan is trying to promote a customer centric organisation which emphasizes satisfaction before and after sales, then all the options listed are important.

Salespeople should be able to identify customer problems while trying to purchase and during use, salespeople should not only identify these problems but must also find and suggest potential solutions to them.

After-sale service is core because customer experience with the product of such organsation is also as important as their buying experience.

Finally, since all these activities are customer centered, it is good to assume that such organisations and their salespeople make their customers the center of their efforts.

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Possible misstatements that may occur during the cash receipts process result from cash receipts being received, but not recorde
marusya05 [52]

Answer:

There should be strong internal controls implemented and segregation of duties in the finance department.

Explanation:

There is lack of internal controls present in the company which may lead to fraud or errors. The employees assigned to record the transaction are not recording all the cash receipts and are missing some of the cash receipts which can cause errors during reconciliation. The sub divisions of finance department must be segregated and there should be a supervisor who should be responsible to review all the work done by these departments.

8 0
3 years ago
Which cash flow would you rather pay, $425 today or $500 in two years if interest rates are 10 percent? Why?
DerKrebs [107]

Answer:

Explanation:

The main goal is to compare these two based on the same terms; present values. Find the present value of $500 today by discounting it using 10% interest rate over two years.

PV = FV/ (1+r)^n

where FV = Future value = $500

r = discount rate = 10% or 0.10 as a decimal

n = total duration of investment  = 2

PV = $500/(1+0.10)^2

PV = $500/1.21

PV = $413.22

Since you are basing the decision on what you would rather pay, you would want a lower pay amount. The $425 is already in its present value terms and it is more expensive. Therefore, you would prefer to pay $500 in two years.

7 0
3 years ago
Who are the three principal team members involved in the creation of a new building? what are their respective roles?
muminat

The three principal team members that are involved in creating a new building are the following—an engineer, a general contractor or builder and an architect. The engineer will make sure the building’s structure, foundation and the point of view, systematically. The architect will be the one who will design and provide ideas in having the building to be formed and the general contractor are the ones who will craft and build the building.

6 0
4 years ago
A firm creates value by?
djverab [1.8K]

Answer:

Paying more cash to its creditors and stockholders than the amount it received from them (1)

Explanation:

Stockholders are the primary owners of the company who have invested their money in the company's shares i.e equity holders and expect a reasonable returns higher than their investment.

Creditors are money lenders like banks i.e debt holders who have given loan or bank overdraft to the company and expecting the company to pay back at an agreed date with interest.

A firm creates value by being able to invest money sourced from various investors into a viable project that guaranteed greater returns than the weighted average cost of capital.

6 0
3 years ago
If 7000 dollars is invested in a bank account at an interest rate of 7 per cent per year, Find the amount in the bank after 14 y
Harlamova29_29 [7]

Answer:

1. Interest compounded annually = $18,049.74

2. Interest compounded quarterly = $18,493.77

3. Interest compounded Monthly = $18,598.16

4. Interest compounded continuously = $18,651.19

Explanation:

First let me state the formula for compound interest:

The future value of a certain amount which is compounded is the total amount (Principal + interest) on the amount of money, after compound interests have been applied, and this is shown below:

FV = PV (1+\frac{r}{n} )^{n*t}

where:

FV = Future value

PV = Present value = $7,000

r = interest rate in decimal = 0.07

n = number of compounding periods per year

t = compounding period in years = 14

For interests compounded continuously, the Future value is given as:

FV = PV × e^{r*t}

where

e is a mathematical constant which is = 2.7183

Now to calculate each on the compounding periods one after the other:

1. Interest compounded annually:

here n (number of compounding periods annually) = 1

Therefore,

FV = 7,000 × (1+\frac{0.07}{1})^{14}

FV = 7,000 × 1.07^{14} = $18,049.74

2. Interest compounded quarterly:

here, n = 3 ( there are 4 quarters in a year)

FV = 7,000 × (1+\frac{0.07}{4} )^{4*14}

FV = 7,000 × 1.0175^{56} = $18,493.77

3. Interest compounded Monthly:

here n = 12 ( 12 months in a year)

FV = 7,000 × (1+\frac{0.07}{12} )^{12*14}

FV = 7,000 × 1.005833^{168} = $18,598.16

4. Interests compounded continuously:

FV = PV × e^{0.07 * 14}

FV = 7,000 × 2.66446 = $18,651.19

3 0
3 years ago
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