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yaroslaw [1]
2 years ago
11

Frank is a salesman of Richard Laundry Equipment. He wants to give a presentation to a five star hotel for setting up an in-hous

e laundry system. The hotel manager sent Frank the hotel's requirements and space constraints for a laundry system. Frank prepared a layout which suited the hotel's requirements. Frank has to select an approach for his allotted ten minute presentation. What advice can you give to Frank
Business
1 answer:
boyakko [2]2 years ago
4 0

Answer: Use customer benefit statements due to the time allotment.

Explanation:

The options include:

a. Use the curiosity approach to generate interest.

b. Open with a demonstration to convince the prospect.

c. Use customer benefit statements due to the time allotment.

d. Use the product approach to make the prospect aware of discounts.

e. Open with the premium approach as the prospect is a five star hotel.

Based on the information given, the advice that'll be given to Mike is to use the customer benefit statements due to the time allotment.

We should note that the benefit statements are typically used in scenarios whereby one knows the critical needs of the customer and there's a short time available for a presentation to be done. Since the Tim tht Frank has is short but he already knows what the hotel wants, then this is the best option.

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Demand function: Q = 48 - 2P

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b) P = 24 - Q/2

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We know a firm will maximize profit at MR = MC

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P = 20.5

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c) TR = PQ = 20.5*7 = $143.5

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Therefore the firm's maximum profit is $67.5

d) a) entry will occur until profits are zero

In the long run, more and more firms will enter the market and the economic profit will be zero in the long run.

In economics, a Demand function is a graph depicting the connection between the price of a sure commodity and the amount of that commodity that is demanded at that fee. call for curves may be used both for the price-amount courting for a person client, or for all purchasers in a selected marketplace.

Learn more about the Demand function here: brainly.com/question/24384825

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If the Federal Reserve announces that its target for the federal funds rate is rising from 4 percent to 4.25 percent, how do you
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Answer:

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If banks reduce their loans, their capacity for creating money will also be reduced, lowering the consumption level and investment spending of both workers (households) and private firms.

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Food. Is there anything else to this?
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Besides the actual mortgage payment, which also factors into the monthly payment on a home?
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