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Irina-Kira [14]
2 years ago
8

Decision Point: Your Second Meeting: Furniture Assembling of wooden table with screwdriver Your next client is a retailer of rea

dy-to-assemble furniture. He’s sent you the following report: Easy Lifestyle Furniture Popular ready-to-assemble bedroom, living room, and office furniture. Three store locations in the state as well as online sales. Product line has been on the market for 2 years. Sales are steady, but untapped sales potential exists. Heavy marketing efforts have already taken place. Pricing is at or near market prices for competitors’ products. What should you recommend to increase sales? Select an option from the choices below and click Submit.
Business
1 answer:
drek231 [11]2 years ago
4 0

Answer:

Increase sales force need and commence prospecting

Explanation:

With scenarios like existence in market for over two years, existence of untapped potentials in the sales unit, and a great marketing opportunity that abound with moderate pricing, such furniture business only requires to immediate prospecting to potential client whose needs are in tune with their furniture products and establish a proposal. Also, the sales force should practice the lead approach in their prospecting such that every discussion with an initial prospect should generate lead to three other persons. With this process and a fair market price in a competitive market, coupled with product quality will yield the expected turnover after a projected period.

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Phil’s filling station gas station operates on a patch on the highway in a patch where there were no gas stations close by. It e
Harman [31]

Answer: Both A and C

Explanation:

The Phil's filling gas station operates on a highway was solo in that area and had no other gas stations nearby.It enjoyed the profit .

Sooner a new gas station opened near Phil's gas station.The profit of the Phil's gas station started decreasing. This was because the it has to lower prices to increase its demand and as there were substitutes available in the market now, people moved to another gas stations for their need.

Both of the cases will decrease its profit.

7 0
2 years ago
Purple Corporation acquired 75 percent of Socks Corporation’s common stock on January 1, 20X8, for $435,000. At that date, Socks
Ivahew [28]

Answer:

20X8 = 162,000

20X9 = $197,000

Explanation:

The calculation of the consolidated comprehensive income for the year 2008 and 2009 is shown below:

                         Consolidated comprehensive income

Particulars                                              20X8        20X9

Purple Corporation

Operating Income                             $120,000         $140,000  

Add: Net Income

from Socks Corporation             $40,000          $60,000  

Less: Amortization of differential

($80,000 ÷  10 Years)                    ($8,000)         (8,000)  

Consolidated net income            $152,000         $192,000  

Add: Comprehensive income

reported by Socks Corporation    $10,000          $5,000  

Consolidated

comprehensive income            $162,000          $197,000

3 0
2 years ago
What is a pestle analysis for an escape room
Irina-Kira [14]

Answer:

The following information summarizes the SWOT analysis for an escape room business. SWOT stands for strengths, weaknesses, opportunities, and threats. A SWOT analysis is a method for strategic planning that evaluates these four elements as they relate to the business objectives. Every escape room business should invest time into completing a SWOT to help ensure success.

Strengths

Relatively easy entry and low capital outlay.

Unique themes

Variety of difficulty levels

Game masters trained for role-playing and excellent customer service

Location is close to customers and relatively far from competitors

Regular changes to clues and puzzles

Weaknesses

Upset customers can potentially harm both business reputations or cause collateral damage by way of online reviews.

New to the area and market

Brand not well established

Limited capital

Opportunities

Reach a customer geography not yet catered for

Growing industry and popularity of mystery rooms

Unlimited number of new themes, game, and clues

Low barriers to entry

Threats

Another new entrant or current supplier expansion could potentially hurt market share.

While we do have a backup, the website could go down for technical reasons.

Sales tied to economic growth.

Game mechanism not protected under U.S. intellectual property law

Established companies expanding into the City

Explanation:

7 0
2 years ago
An elected official is: A: appointed to his job. B: voted into her job. C: assigned a job by a superior. D: anyone who works for
Natalka [10]
Voted into her job.
6 0
2 years ago
Which of these statements demonstrate the economic concept of scarcity? check all that apply. all useful resources are limited i
Zigmanuir [339]
The following statements describe the economic concept of scarcity:
1. All useful resources are limited.
2.Resources are scarce which explain why we are willing to pay for them.
3. Because of scarcity, individuals must make choices.
In economics, scarcity is the study of how people attempt to satisfy their needs and wants by making choices. The principle of scarcity states that limited goods and services are available to meet unlimited wants.
7 0
2 years ago
Read 2 more answers
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