Answer:
Demand decreases
Explanation:
Substitute goods are products that can be used in place of each other. Goods are described as substitutes if a customer can use them interchangeably and get equal or almost the same satisfaction. Tea and coffee will be substitutes if a customer can consume either of them and be happy.
If the price of a substitute good declines, customers will prefer consuming it instead of the other product. The other product's demand will decrease due to a change in customer preferences as a result of a lower price.
Answer: Option D
Explanation: In simple words, value maximization in decision making refers to the concept in which the decision makers tries to make a decision through which both the parties involved gets maximum benefit.
Thus, he takes into consideration the concerns of both the parties without any bias and tries to make the best outcome out of it.
Hence from the above we can conclude that the correct option D.
<u>Solution and Explanation:</u>
2016 2015 2014
<u>ICO/Sales</u>
ICO 2521 1895 3145
Sales 24594 25130 28406
ICO/Sales 10.25% 7.54% 11.07%
<u>NI/Sales </u>
NI 2525 1959 3636
Sales 24594 25130 28406
NI/Sales 10.27% 7.80% 12.80%
<u>CI/Sales </u>
CI 2010 651 371
Sales 24594 25130 28406
CI/Sales 8.17% 2.59% 1.31%
b. If the gain realized from selling the segment is reported as a separate line item, it has no impact on Incomes. It is shown separately for clear understanding to the intended users. However, the figures of Comprehensive income, Net income and Income from continuing operations will not be affected (except for the difference in amounts).
If the gain is 3866 in 2016, ICO/Sales would remain same at 10.25%.
NI/Sales would vary because of increase in the gain.
Answer:
The correct answer is letter "B": practice the pitch.
Explanation:
To close more sales, salespeople use different sales speeches depending on the type of product they sell and the customer that they have in front of them. When adopting a new speech, it should be practiced with some clients to polish some aspects of speech that might not work and to find out which features are attractive to them.
Some vendors practice like scenarios, use mirrors or record their voice during the practice-the-pitch stage.