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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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Assume the following information concerning two stocks that make up an index. What is the value-weighted return for the index? (
tatuchka [14]

Answer:

8.54%

Explanation:

Current Index value:

= [current total market value of index stocks] ÷ [Base year total market value of index stocks] × Base year index value

= [(69 × 35000) + (122 × 32500)] ÷ [(63 × 35000) + (113 × 32500)] × 100

= 108.54

Return in percent:

= ( 108.54 - 100 ) ÷ 100

= 8.54%

Therefore, the value-weighted return for the index is 8.54%.

8 0
3 years ago
Many different project life cycle models are used for different types of projects, such as information systems, improvement, res
n200080 [17]

Answer:

True

Explanation:

  • For different types of projects, many different projects life cycle models are used, such as data management , advancement, research and technology.  
  • In general, a life cycle for a program includes a number of stages controlled by a set of decisions that verify that the scheme is mature sufficiently leave one phase and join the other.

Therefore following statement is TRUE.

8 0
3 years ago
Felix is riding his bicycle. his ability to sense how his torso is adjusting to the speed of his cycling and how his legs are pu
Dmitry_Shevchenko [17]
The asnwer to this question is <span>kinesthesia
</span>kinesthesia refers to the concious movement of <span>the parts of the body by means of sensory organs in the muscles and joints area.
In specific type of sport such is cycling, this movement focused on the joint and muscle positioning that is done in order to leverage enough force to turn the wheel.</span>
6 0
3 years ago
Read 2 more answers
Investment A requires a net investment of​ $1,600,000. The required rate of return is​ 12% for the​ four-year annuity. What are
maxonik [38]

Answer:

D. ​$526,836

Explanation:

We need to solve for the cuota of an annuity of 4 years at 12% discount rate, which present value is 1,600,000

PV \div \frac{1-(1+r)^{-time} }{rate} = C\\

PV  $1,600,000

time           4

rate                   0.12

1600000 \div \frac{1-(1+0.12)^{-4} }{0.12} = C\\

C $ 526,775.10

The cashflow per year should be 526,775 to equal the net investment and give a NPV of zero

Based on the possible option we pick the nearest value. Which is 526,836

6 0
4 years ago
Eric's Used Book Store prepares its financial statements in accordance with IFRS. Inventory was purchased for €6 million and lat
andrew-mc [135]

Answer:

€6 million

Explanation:

As we know that

According to the International Financial Reporting Standards, if the net realizable value of the inventory increases then the written down of reversal value is required

And according to the GAAP, the inventory should be valued at lower of cost or net realizable value

So in the given case, the inventory is purchased at €6 million and now it is estimated value is  €7 million so the lower value i.e €6 million should be reported on the balance sheet.

4 0
3 years ago
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