Answer:
B. Selling
Explanation:
Selling involves all activities both personal and impersonal, aimed at finding buyer for a particular product or service. It is also an act of targeting, informing and persuading buyers to buy a product or service.
One of the main purpose of selling is to make profit. For an individual to make profit through sales, he/she must be aggressive in terms of advertising the products either through local papers or coupons and must also employ other sales strategies in order to get consumers to buy the products.
Other purpose of selling is to address the customer's area of needs by making the products suitable to their needs available and also maintain good customer relationship afterwards.
<span>Answer:
E(R) = 3.80 + .88(9.60 - 3.80) = 8.90 percent</span>
Answer:
The answer is letter A.
Explanation:
The true statement is Annual data on the distribution of income will indicate that the degree of income inequality in the two cities is identical.
Answer:
The below statement marks the company's vision.
In a period of 10 years, he states that the foundation envisions a broad and impartial society that respects and encourages children and actively enables people’s participation.
Explanation:
Companies tend to summarize their goals and objectives in mission and vision statements. Both of these serve different purposes for a company but are often confused with each other.
<u>Vision of a company/organisation</u>
- Vision statement outlines what a company wants to be in the future.
- The Vision Statement focuses on the future
- It is a statement that is a source of inspiration and motivation.
- It describes not just the future of the organization but the future of the industry or society in which the organization hopes to effect change.
Relevance to the given scenario is that in the identified statement, Micheal has clearly demonstrated, what he sees for the foundation and how it wants to impact the foundation's stakeholders.
The vision of the foundation is as follows:
<em>In a period of 10 years, he states that the foundation envisions a broad and impartial society that respects and encourages children and actively enables people’s participation.</em>
<em></em>
Vision is different from the mission:
<u>Mission statement:</u>
The Mission Statement concentrates on the present; it defines the customer(s), critical processes and it informs you about the desired level of performance.
The mission of the foundation is as follows:
<em>The purpose of the foundation is to maximize the effect of public participation and welcome the recognition for volunteering.</em>
<em></em>
Answer: $4,000
Explanation: Economic profit can be defined as the difference between the total revenues generated from operations and cost incurred plus any opportunity cost taken.
Opportunity cost is the cost of next best alternative foregone, that is loss of profits that occurred due to choosing one alternative over other. In the given case loss of interest and loss of highest salary are opportunity cost for Jacqui .
Hence,
economic profit = revenues - (interest + salary)
= $50,000 - ($1000 + $45,000)
= $4,000
