In business, it is important to establish your <u>credibility</u> from your first day on the job
What Is Business Credibility?
- Credibility is the quality of being trusted by a specific group of people. In terms of conversion rate optimization, business credibility is defined as the quality of being trusted by your target customers.
- Ideally, customer’s trust is expressed through positive behavior towards your brand, of which the final outcome is an increased conversion rate.
- We are living in a time when everything is commercialized and everyone wants to sell us something – especially corporations.
- Therefore, interestingly, human brains react in a more or less “passive-aggressive” way to this scenario – we consumers tend to distrust brands at first glance.
- Because we believe their goal, after all, is to make money.
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For entrepreneurs, the closer the solution relates to the actual problem the customer is experiencing, the more likely that there will be immediate sales upon completion of product development.
<h3>Reason for early sales</h3>
When a particular products meet the demand of people, there is possiblity of sales immediately after the product is release.
Hence, product should be targeted towards demand.
Therefore, For entrepreneurs, the closer the solution relates to the actual problem the customer is experiencing, the more likely that there will be immediate sales upon completion of product development.
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Answer:
True
Explanation:
An increase in the cost of production would cause some producers to stop production, supply would fall and the supply curve would shift to the left.
I hope my answer helps you
Answer:
Journal Entries
1) Debit Salaries Expense $6,667 Credit Bank $6,667
2) Debit Fuel and Maintenance expense $600, Credit Bank $600
3) Debit Depreciation Expense $amount Credit Accumulated depreciation $amount
4) Debit Insurance Expense $amount Credit Bank $amount
5) Debit Benefit Expense $amount Credit Accrued Benefit Expense $amount
6) Debit Accounts Receivable ( total of all trips) $amount Credit Service Revenue $amount
Explanation:
The Question is incomplete but i will do the typical journal entries to the transactions without figures.
1) The salaries are for one month and in brackets there is a $80,000*1/12 calculation meaning the $80,000 is for the year, now if it was already recorded then we debit salaries payable $6,667 credit bank $6,667
4) Insurance expense is debited if it is paid as it is incurred but if it has an Prepaid insurance account then we credit the Prepaid insurance account instead of Bank.
Answer:
We can divide costs into three categories:
- fixed.- do not change as total production outcome changes
- variable.- changes proportionally to total production output
- mixed.- part fixed, part variable
Explanation:
fixed: they stay the same regardless of total output
- depreciation. $4,500 per month
- property taxes, $12,000 per year
variable: the more units are produced, the higher they are
- direct materials, $25 per unit
- shipping costs, $15 per unit
mixed: a part is fixed per month, while another part increases as total output increases.
- water and sewer, $50 per month plus $0.10 per gallon
- sales rep's pay, $1,000 per month plus 10% sales commission
