Answer: c. closing the sale is the final—and most satisfying—part of the process.
Explanation:
Closing the sale is NOT the final part of the process but rather the FOLLOW-UP.
And like option e in the question shows, following up can lead to more sales for the representative because following up can guage customer satisfaction and if the customer is satisfied, they could become loyal and recurrent customers.
Answer:
Devil’s advocacy
Explanation:
Devil’s advocacy is a thorough analysis of a preferred alternative to check and test its strengths and weaknesses before being implemented with the purpose of identifying all the faults that might make the preferred alternative unacceptable.
This method helps in determining the dangers of any action taken by an individual or group of persons.
Answer:
D. Date Accounts and Explanation Debit Credit Interest Expense 21,385 Discount on Bonds Payable 235 Cash 21,150
Explanation:
The journal entry is shown below:
Interest expense $21,385
To Discount on bond payable $235
To Cash $21,150
(Being the interest expense is recorded)
The computation is given below:
The interest expense is
= $470,000 ÷ 100 × 91 × 10% ÷ 12 months × 6 months
= $21,385
The cash is
= $470,000 × 9% ÷ 12 months × 6 months
= $21,150
And, the remaining balance is credited to discount on note payable
We simply debited the interest expense as it increased the expenses and credited the cash as it reduced the assets plus the remaining amount is credited to discount on bond payable
Answer:
This example shows that one of the reasons to study marketing is that it is a part of everyday life.
Explanation:
Marketing can be defined as the process through which products reach from concept to the customers. It involves the process of studying, observing and understanding the market. Market research is done to understand the needs of consumers.
There are a number of reasons it is beneficial to study marketing. For instance,
- We often come across marketing in daily life.
- Marketing graduates get a good salary.
- There is always a demand for marketing experts.
- It is a diverse career choice and provides jobs in a number of fields.
Answer:
The correct answer is C. standard of living is ultimately determined by long-term growth.
Explanation:
The long-term path for economic growth is a fundamental issue of the study of the economy. The increase in the GDP of a country is usually considered as an increase in the standard of living of its inhabitants. Over long periods of time, even small annual growth rates, can have a significant effect. Thanks to its conjugation with other factors.
An annual growth rate of 2.5% would lead to GDP doubling over a period of 30 years. While an annual growth rate of 8%, it would lead to the same phenomenon in a period of only 10 years. Example: Some countries like Asian tigers. When a population increases to see improvements in living standards, GDP has to grow faster than that population. This analysis seeks to understand why there are very different rates of economic growth in some regions of the world.
