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3 years ago

Gavin is a salesperson for an advertising company. He sells ads to customers directly.

Business

1 answer:

wariber [46]3 years ago

6 0

Answer:

Personal selling.

Explanation:

Promotion is a method of informing and persuading customer to buy product or service or idea. Every company in the market use some or other promotional strategy to penetrate in the market. Corporate have different needs or objective of promotion, like creating awareness, spreading information, increasing sales, increase market share, retaining loyal customer, etc. There are different method of promotion also been used by corporates to achieve their objective according to the budget, time and place of promotion. There are few promotion method used by corporate are: Advertising, sales promotion, personal selling, e-commerce, public relation, and social media.

Personal selling: It is a part of promotional mix, where salesperson sell the product or service to their target customer directly by meeting them personally.

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Porsche has enhanced power over buyers because its strong reputation makes buyers more willing to pay a premium price. this ____

alexgriva [62]

This "lessens" rivalry, since buyers become "less" price-sensitive.

Price sensitivity is how much the cost of an item influences customers' buying practices. In financial matters, price sensitivity is usually estimated utilizing the price elasticity of demand. For instance, a few buyers are not willing to pay even a couple of additional pennies per gallon for gas, particularly if a lower-valued station is adjacent.

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3 years ago

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Segmented Income Statement Gorman Nurseries Inc. grows poinsettias and fruit trees in a green house/nursery operation. The follo

bija089 [108]

Answer:

Poinsettias records a loss of $118,125

Fruit Trees records a profit of $92,325

The company therefore records an overall $25,800 loss

NB: See the workings below see the assumption mad to allocate common expenses since none is given in the question.

Explanation:

Variable costing income statement is a type of income statement that records variable cost separately first to determine the contribution margin and thereafter record the fixed cost which is further split into direct fixed expenses and common expenses.

The segmented income statement for Gorman Nurseries for the coming year can therefore be presented as follows:

Gorman Nurseries Inc.

Segmented Income Statement

For the coming year

Particulars Poinsettias ($) Fruit Trees ($) Total ($)

Sales 970,000 3,100,000 4,070,000

Variable COGS (460,000) (1,630,000) (2,090,000)

Variable selling exp. (w1.) (38,800) (124,000) (162,800)

Contribution margin 471,200 1,346,000 1,817,200

Direct fixed overhead (160,000) (200,000) (360,000)

Direct fixed S $ Admn exp. (146,000) (87,000) (233,000)

Segment margin 165,200 1,059,000 1,224,200

Common fixed overh. (w2a) (176,077) (623,923) (800,000)

Common S $ Admn ex (w2b) (107,248) (342,752) (450,000)

Segment Net Income (loss)  (118,125)   92,325   (25,800) 

Workings:

w1. Variable selling expenses = Sales * Commission percentage

Poinsettias = $970,000 * 4% = $38,8000

Fruit Trees = $3,100,000 * 4% = $124,000

w2. Allocation of common expenses using the following assuptions:

a) Use cost of goods sold (COGS) to allocate Common fixed overhead:

Poinsettias = (460,000 / 2,090,000) * $800,000 = $176,077

Fruit Trees = (1,630,000 / 2,090,000) * $800,000 = $623,923

b) Use common selling and administrative expense using Sales:

Poinsettias = (970,000 / 4,070,000) * $450,000 = $176,077

Fruit Trees = (3,100,000 / 4,070,000) * $450,000 = $623,923

4 0

3 years ago

Jenkins Inc., prepared its financial statement for 2008 based on the information given here. The company had cash worth $1,234,

marishachu [46]

Answer:

$18,334

Explanation:

Given the following :

Cash worth = $1,234

Inventory worth = $13,480

Accounts receivable worth = $7,789

Net fixed asset = $42,331

Other assets = $1,822

Accounts payables = $9,558

Notes payables = $2,756

common stock = $22,000

Retained earnings = $14,008

Long term debt :

Total asset - current liability - stockholders equity

Total asset =current asset + net fixed asset + other asset

Current asset = cash worth + inventory worth + accounts receivables

Current asset = $(1234 + 13480 + 7789) = $22503

Total asset = $(22503 + 42331 + 1822) = $66656

Current liabilities = Accounts payables + notes payables

Current liabilities = $(9558 + 2756) = $12314

Stockholders equity = $(22,000 + 14,008) = $36,008

Long term debt :

Total asset - current liability - stockholders equity

$(66656 - 12314 - 36008) = $18,334

7 0

3 years ago

Why does an organization's management hierarchy impact the organization's information system management?

JulijaS [17]

The organization's management hierarchy impacts the organization's information system management by reducing the need for information processing and communication.

Management Information System plays a very important role in the organization, as it creates an impact on the organization's performance, functions, and productivity.

The information systems have its impact on organizations structure. Thus, an information systems can reduce the number of levels in an organization by providing managers with information to supervise larger numbers of workers.

The information system performs certain important functions such as- coordination, and control, help employees analyze problems, support decision making etc.

Hence, the information system is important to the organization.

To learn more about information system here:

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5 0

1 year ago

Corporate shareholders are best protected from incompetent _______.

nirvana33 [79]

Answer: A

Explanation:

Management decisions by the ability to engage in proxy fights. A proxy fight, also known as a proxy contest or proxy battle, refers to a situation in which a group of shareholders in a company joins forces in an attempt to oppose and vote out the current management or board of directors. In other words, a proxy fight is a battle between shareholders and senior management for control of the company.

Corporate shareholders are best protected from incompetent management decisions by the ability to engage in proxy fights.

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3 years ago

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