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nevsk [136]
3 years ago
13

Michael works as a sales representative for an oilfield supply business in West Texas. He sells highly technical safety equipmen

t to his customers. Michael visits his customers on a regular basis to provide information about new products and to solve technical problems that may arise as his clients use the equipment. For Michael, personal selling works better than other forms of promotion because of _______. a. the value of the product b. the number of potential customers c. the role of social media d. the complexity of the product
Business
1 answer:
Sphinxa [80]3 years ago
4 0

Answer:

d. the complexity of the product.

Explanation:

Marketing can be defined as the process of developing promotional techniques and sales strategies by a firm, so as to enhance the availability of goods and services to meet the needs of the end users or consumers through advertising and market research. The pre-service strategies includes identifying the following target market, design, branding, market research. Thus, it comprises of all the activities such as, identifying, anticipating set of medium and processes for creating, promoting, delivering, and exchanging goods and services that has value for customers. It typically, involves understanding customer needs, building and maintaining healthy relationships with them in order to scale up your business.

Personal selling also known as face-to-face selling can be defined as a sales technique or strategy in which the salesperson meets with the potential buyer (customer) for the sole purpose of convincing him or her to buy a product.

For Michael, personal selling works better than other forms of promotion because of the complexity of the product i.e high technicalities associated with the product. The product Michael are highly technical and as such would require guidance or explanation on how to safely use them.

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Answer:

C) Hire a litigator who will agree to a contingent fee structure and require payment only if Marcos obtains a settlement or jury verdict.

Explanation:

Generally when lawyers agree to a contingent fee structure is because they are convinced their chances of winning are high. Lawyers will accept a fixed percentage of the amount recovered, usually this percentage is around 1/3 of the final settlement.

This type of agreement is very useful since you don't need to invest a lot of money, and the lawyer's pay comes from the money awarded by the jury (or a settlement).

6 0
3 years ago
X Co. issued 7% bonds with a face value of $200,000. At time of issue, the market interest rate for similar bonds was 8%. The bo
laiz [17]

Solution:

Given that :

X company issued bonds of 7 percent having face value of $ 200,000.

At the time of issue the market rate of interest is 8 percent.

Life of the bonds = 5 years

And interest is paid annually.

Now computing the issue price of bond:

Issue price of bond = ($ 200,000 x 7%) x PUIFA (8%, 5 periods) + ($ 200,000) x PUIF (8%, 5th period)

= ($ 14,000 x 3.99271) + ($ 200,000 x 0.68058)

= ($ 55,897.94) + ($ 136,116)

= $ 192,014

Journal entry of issuance of bond at the beginning of year 1

Date/ period     General journal            Debit                    Credit

Beginning of        Cash A/c                  $192,014          

period 1                Discount of bond      $ 7986

                             payable A/C

                            To bond payable a/c                              $200,000

Bond amortisating schedule using effective interest rate:

Period        Interest expense     Interest expense    Discount         Closing of

                   paid in advance          record                                         book value

Beginning

of period 1                                                                                            $192,014

Period 1      $14,000                     $15361                     $ 1361             $193,375

                                                  ($192,014 x 8%)

Period 2      $14,000                     $15470                     $1470            $194845

                                                  ($193,375 x 8%)  

Period 3      $14,000                     $15588                    $ 1588            $196433

                                                  ($194845 x 8%)

Period 4      $14,000                     $15715                    $ 1715             $198148

                                                  ($196433 x 8%)

Period 5      $14,000                     $15852                     $ 1852           $200000

                                                  ($198148 x 8%)

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3 years ago
The issuer of a 5% common stock dividend to common stockholders should transfer from retained earnings to paid-in capital an amo
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Answer: A

Fair value of the shares issued.

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I’m 15 Years Old I Need A Job Changing Baby Girl Poop Diapers Do Any Of Y’all Know Where There Is A Place Where They Allow 15 Ye
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3 0
2 years ago
60 points please help
Trava [24]

Answer:

Logistics is generally the detailed organization and implementation of a complex operation. In a general business sense, logistics is the management of the flow of things between the point of origin and the point of consumption to meet the requirements of customers or corporations.

8 0
3 years ago
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