All categories

3 years ago

Personal selling fits into the marketing mix as part of a firm's product strategy. Group of answer choices True False

Business

1 answer:

Orlov [11]3 years ago

3 0

Answer:

False

Explanation:

The given statement is False

Personal selling is in the in person interaction to sell product and services. Basically carried out by sales representatives having personal connection with the buyer. They inform about companies product and services and power of persuasion to sell their product. Although personal selling does not fits into the marketing mix as part of a firm's product strategy

You might be interested in

Angus Bank holds no excess reserves but complies with the reserve requirement. The required reserves ratio is 8%, and reserves

grandymaker [24]

Answer:

$3.68 million

Explanation:

Reserve Ratio = 8%

Reserves are currently = $25 million

Amount of deposits = $ 312.5 million

Deposit outflow = $4 million

Remaining Deposits = Amount of deposits - Deposit outflow

= $ 312.5 million - $4 million

= $308.5 million

Current Required Reserve after outflow of deposits(CR):

= $25 million - $4 million

= $21 million

Therefore,

Shortage of Reserve = CR - (Remaining Deposits × Reserve Ratio)

= $21 - ($308.5 × 0.08)

= $21 - $24.68

= -($3.68)

Therefore, the reserve shortage created by a deposit outflow of $4 million is $3.68 million

3 0

3 years ago

Menlove Corporation has provided the following cost data for last year when 100,000 units were produced and sold:

Nezavi [6.7K]

Answer:

Net operating income= $405,000

Explanation:

First, we need to calculate the unitary variable cost:

Total variable cost= 650,000 - 100,000 - 100,000= $450,000

Unitary variable cost= 450,000 / 100,000

Unitary variable cost= $4.5

Total fixed cost= 100,000 + 100,000= $200,000

Now, the net operating income for 110,000 units:

Sales= 10*110,000= 1,100,000

Total variable cost= 110,000*4.5= (495,000)

Total contribution margin= 605,000

Total fixed cost= 200,000

Net operating income= $405,000

3 0

3 years ago

A firm that must invest in new information systems capabilities in order to comply with federal legislation is investing to achi

Juliette [100K]

Answer:

A) Survival

Explanation:

Survival is a term business objective where businesses strive to continue to exist. As seen in this scenario, businesses will try to comply with regulations and rules in order to survive. Otherwise they could be discontinued because of non-compliance. This demonstrates the survival business objective.

8 0

3 years ago

An activity on a project schedule has these duration estimates: optimistic (a) = 1, most likely (m) = 2, and pessimistic (b) = 5

Masteriza [31]

Answer:

Activity expected duration = 2.333

Explanation:

Given:

Optimistic (a) = 1

Most likely (m) = 2

Pessimistic (b) = 5

Activity’s expected duration = ?

Computation of Activity expected duration:

$Activity\ expected\ duration = \frac{(a + 4m + b)}{6}$

Activity expected duration = [1 + 4(2) + 5] / 6

Activity expected duration = [1 + 8 + 5] / 6

Activity expected duration = [14] / 6

Activity expected duration = 2.333

5 0

3 years ago

Lifeworks is a nongovernment not-for-profit organization that recently received a large gift from a donor in the amount of $3,00

blagie [28]

Answer:

Explanation:

The net assets would increase. This is because the $100,000 earnings from investments are additional cash inflows hence an increase in current assets. For the $3,000,000 if invested, it will be considered an asset. It is a cash donation invested to generate earnings for the non-profit organization. Thus, these two instances add onto the net asset value of Lifeworks.

7 0

3 years ago