The prospect to make a decision on some aspect of the purchase is referred to as trial close. A sales technique for determining whether a potential customer is ready to make a purchase. If the salesperson receives favorable responses to these questions, he or she can attempt to close the transaction with more assurance.
A trial close typically takes the form of questions that ask for decisions on minor selling aspects. A trial close is a test to see if the person is prepared to close, not a typical "closing aspect." Use it following a presentation or after you have presented a compelling argument.
To learn more about trial close, click here.
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The contract that would be the answer I gave
Answer:
The correct answer would be $73 Millions.
Explanation:
The amount of cash a company possesses is the net income which it generates over a period of time. Account receivables are also considered to be the cash amount for the company which it collects within that period. So as given in this question, we would not take $300 million Sales, as company will exclude app expenses from this amount and then the remaining amount will be considered as the Cash in hand. So $65 Million will be the net income and as the account receivables also increased to $8 Millions, we will include this amount in the net income as:
Total Cash = Net Income + Account Receivables
Total Cash = $65M + $8M
Total Cash = $73 Millions.
Answer: c.) hire less labor and rent more capital
Explanation:
To answer this we would need to find out the Marginal cost per dollar of producing with either form of production being labour or capital.
The Marginal Product of Labour is 20 units resulting from $4 dollars so that means that for every dollar spent on Labour we get,
= 20/4
= 5 units of output.
However, The Marginal Product of renting Capital is 30 units resulting from $5 dollars so that means that for every dollar spent on Capital we get,
= 30/5
= 6 units of output.
This means that renting Capital is more efficient because we get 1 more unit of output per dollar and so to minimize cost of production without changing the level of output, the firm should hire less labor and rent more capital.
