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Kryger [21]
2 years ago
14

When a product is advertised for sale at a greatly reduced price, but the salesperson tries to get customers to buy a more expen

sive item instead, this is called:
Business
1 answer:
Aleks04 [339]2 years ago
4 0

The name which is given to the situation where a <em>product is advertised for sale</em> at a greatly reduced price, but the salesperson <em>tries to get customers </em>to buy a more expensive item instead is called:

  • Upselling

According to the given question, we are asked to state the name which is given to the situation where a <em>product is advertised for sale</em> at a greatly reduced price, but the salesperson <em>tries to get customers </em>to buy a more expensive item instead.

As a result of this, we can see that upselling is a phenomenon where the salesperson tries to get the customer to purchase a more expensive item, <em>instead of the product </em>which was advertised at a greatly reduced price.

Read more about upselling here:

brainly.com/question/7067313

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Advertising increases levels of consumer purchase of specific brands which in turn affects gross domestic product. T/F
jeka57 [31]

Answer:

The correct answer is False.

Explanation:

Advertising really tries to increase the purchase levels of products and services, not specific brands. Therefore, this statement is false considering that although all economic transactions affect GDP (positively or negatively), the advertising function is not aligned with its duty.

8 0
3 years ago
Read 2 more answers
The primary difference between an underwriting syndicate member and a selling group member in a firm commitment underwriting is
navik [9.2K]

Answer:

C) the syndicate member assumes liability for unsold shares and the selling group member does not.

Explanation:

In the trading of a security, the dealer's spread refers to the difference between the bid and asked prices of a security, which represents the dealer's markup, or profit from a security transaction.

Simply stated, the bid-ask spread refers to the amount by which the bid price by a dealer is lower than the ask-price for a security or an asset in the market at a specific period of time.

The bid-ask spread exists because of the need for dealers to cover expenses and make a profit. A bid-ask spread is use in the transaction of the following items; options, future contracts, stocks, and currency pairs.

The primary difference between an underwriting syndicate member and a selling group member in a firm commitment underwriting is that the syndicate member assumes liability for unsold shares and the selling group member does not.

4 0
3 years ago
In violation of company policy, lowell company erroneously capitalized the cost of painting its warehouse. the auditors examinin
poizon [28]

Answer: Examining the construction work orders supporting items capitalized during the year.

Explanation:

When the Auditors start to examine the work orders that support the Capitalization of items during the year, they will come across the work order for Painting the Warehouse.

Painting a warehouse is not to be capitalized if it had nothing to do with getting the warehouse ready for use by the company.

8 0
4 years ago
XYZ company has introduced a loyalty program so that it can reduce and increase sales . Select one : O a . Threat of new entrant
anzhelika [568]

Answer:

A

Explanation:

If the company has introduced a loyalty program, customers are less likely to patronise other business. Thus, the threat of new entrants is reduced as firms would be less likely to enter into the industry knowing there is a high degree of customer loyalty to company XYZ

8 0
3 years ago
he following balance sheet contains errors. Mark Brock Services Co. Balance Sheet For the Year Ended December 31 Assets Liabilit
zhannawk [14.2K]

Answer:

$97,645

Explanation:

Preparation of Mark Brock Services Co corrected balance sheet :

Mark Brock Services Co. Balance Sheet December 31

Assets

Current assets:

Cash$ 7,170

Accounts receivable10,000

Supplies2,590

Prepaid insurance800

Total current assets $20,560

Property, plant, and equipment:

Land$24,000

Building$43,700

Less accumulated depreciation( 12,525)

Equipment$29,250

Less accumumulated depreciation (7,340)

Total property, plant,and equipment 77,085

Total assets (77,085+20,560) $97,645

Liabilities

Current liabilities:

Accounts payable$ 7,500

Wages payable1,500

Total liabilities$ 9,000

Owner's Equity

Capital 88,645

Total liabilities and owner's equity (88,645+9,000) $97,645

6 0
3 years ago
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