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vazorg [7]
3 years ago
8

Fordham Hardware is known for its consensus buying center culture. Recognizing this corporate culture, someone attempting to sel

l to Fordham Hardware shouldA. focus exclusively on the head of the buying center.B. address the concerns of all members of the buying center with particular attention to those of the decision maker.C. focus on providing information to and making the sales approach to the one decision maker.D. attempt to facilitate the collective agreement of all members of the buying center.E. attempt to get one "friend" on the committee to support his products.
Business
1 answer:
zubka84 [21]3 years ago
3 0

Answer:

The answer is: D) attempt to facilitate the collective agreement of all members of the buying center.

Explanation:

In a consensus buying center all members of the buying team have to reach a collective agreement before they can support a particular purchase. Some of the benefits of adopting a consensus buying center culture are:

  • risks are reduced: specially when buying complicated or very technical goods or services.
  • extreme options can be avoided.
  • encourages input from different employees participating in the buying center
  • purchasing decisions are better accepted when a consensus was made rather than when someone imposes them
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On September 30, World Co. borrowed $1,000,000 on a 9% note payable. World paid the first of four quarterly payments of $264,200
ludmilkaskok [199]

Answer:

c) $758,300

Explanation:

Amount of Loan = $1,000,000

Interest rate = 9% per year = 9% / 4 = 2.25% per quarter = 0.025

Interest amount = $1,000,000 x 2.25% = $22,500

First Quarter payment = $264,200

Principal Payment = First Quarter payment - Interest paid

Principal Payment = $264,200 - $22,500

Principal Payment = $241,700

Amount Due on December 31 = $1,000,000 - $241,270 = $758,300

6 0
4 years ago
Read 2 more answers
Organizational commitment can be defined as _____. the collection of feelings and beliefs that managers have about their organiz
Varvara68 [4.7K]

Answer:

the collection of feelings and beliefs that managers have about their organization as a whole.

Explanation:

Organizational commitment can be defined as the collection of feelings and beliefs that managers have about their organization as a whole.

Generally, when the employees working in an organization completely identifies and believe in the vision, mission, values and ethical standards of their organization, it simply means that they believe and are in agreement with what the organization is doing and would basically have a high level of loyalty because they are proud to be associated with what the organization stands for.

Hence, organizational commitment is important for the growth and development of an organization.

4 0
3 years ago
Ricardo borrowed $5,000 from his friend, Lorenzo. Ricardo signed a handwritten note stating, "I promise to pay $5,000 to Lorenzo
Andreyy89

<u>Answer: </u>Promissory note

<u>Explanation:</u>

Promissory note is considered to be an financial instrument that consist of the promise made by a person through a written document stating to pay a certain sum of money to another party as mentioned on the specific date or time.

Promissory note usually contains the details of indebtedness name , date, interest amount, principle amount, place of issuance and signatures of the parties involved. This instrument basically gives the information of how the party owes money to another party. this note is legally enforceable by law.

4 0
3 years ago
The central focus of the marketer's activities is to develop mutually beneficial relationships with customers and potential cust
Alchen [17]

Answer:​Strong word-of-mouth communication about; increase.

Explanation: When a marketing organisation promote a mutually beneficial relationship with its customers it will help the customers to go ahead to market the company and its products with a strong word- of-mouth communication, the firm's products because that will increase the customer's lifetime value to the firm,this will help the firm to be more profitable and make more revenue now and in the future.

4 0
3 years ago
The Production Department of Hruska Corporation has submitted the following forecast of units to be produced by quarter for the
dangina [55]

Answer:

Please refer explanation

Explanation:

1. Total estimated direct labour cost : No. of units produced x number of labour hours required x labour rate per hour

1st Quarter = 12000 units x 0.2 x 12 = $28,800

2nd Quarter = 10000 units x 0.2 x 12 = $24,000

3rd Quarter = 13000 units x 0.2 x 12 = $31,200

4th Quarter = 14000 units x 0.2 x 12 = $33,600

Total Direct Labour Cost for fiscal year = $28800 + $24000 + $31200 + $33600 = $117600

2. Total estimated manufacturing overhead cost : (Number of units x labor hours required x hourly manufacturing overhead rate) + fixed manufacturing overhead

1st Quarter = (12000 units x 0.2 x 1.75) + $86000 = $90,200

2nd Quarter = (10000 units x 0.2 x 1.75) + $86000 = $89,500

3rd Quarter = (13000 units x 0.2 x 1.75) + $86000 = $90,550

4th Quarter = (14000 units x 0.2 x 1.75) + $86000 = $90,900

Total Manufacturing overhead cost for the fiscal year = 90200 + 89500 + 90550 + 90900 = $361150

3. Cash disbursements : Total manufacturing overhead cost - non cash depreciation

1st Quarter = $90,200 - $23000 = $67200

2nd Quarter = $89,500 - $23000 = $66500

3rd Quarter = $90,550 - $23000 = $67550

4th Quarter = $90,900 - $23000 = $67900

Total Cash disbursements for the fiscal year = 67200 + 66500 + 67550 + 67900 = $269150

OR

Total manufacturing overhead costs x (4 x 23000) = $361150 - $92000

3 0
4 years ago
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