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nevsk [136]
2 years ago
13

Michael works as a sales representative for an oilfield supply business in West Texas. He sells highly technical safety equipmen

t to his customers. Michael visits his customers on a regular basis to provide information about new products and to solve technical problems that may arise as his clients use the equipment. For Michael, personal selling works better than other forms of promotion because of _______. a. the value of the product b. the number of potential customers c. the role of social media d. the complexity of the product
Business
1 answer:
Sphinxa [80]2 years ago
4 0

Answer:

d. the complexity of the product.

Explanation:

Marketing can be defined as the process of developing promotional techniques and sales strategies by a firm, so as to enhance the availability of goods and services to meet the needs of the end users or consumers through advertising and market research. The pre-service strategies includes identifying the following target market, design, branding, market research. Thus, it comprises of all the activities such as, identifying, anticipating set of medium and processes for creating, promoting, delivering, and exchanging goods and services that has value for customers. It typically, involves understanding customer needs, building and maintaining healthy relationships with them in order to scale up your business.

Personal selling also known as face-to-face selling can be defined as a sales technique or strategy in which the salesperson meets with the potential buyer (customer) for the sole purpose of convincing him or her to buy a product.

For Michael, personal selling works better than other forms of promotion because of the complexity of the product i.e high technicalities associated with the product. The product Michael are highly technical and as such would require guidance or explanation on how to safely use them.

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Is this select all that apply because i see more than just one answer 
6 0
2 years ago
Rick took his family to a major league baseball game. he gave his son $100 to buy food and drinks for the group. hot dogs cost $
Alchen [17]
Rick gave his son $100 to buy food and drinks. His son returned with $25.50 in change. Therefore the amount spent was
$100 - $25.50 = $74.50.

Let
x = number of hot dogs bought (at $3.50 per hot dog).
y = number of milk shakes bought (at $8 per milk shake).
There were 8 orders of soda at $5 per soda.

The total order is $74.50, therefore
3.50x + 8y + 8*5 = 74.50
Simplify to obtain
8y = 74.5 - 3.5x
  y = 4.3125 - 0.4375x

We must have whole numbers (integers) for x and y.
Create a table that varies x from 0 to 8, and look for y to be an integer, as shown below.

  x       y
---  -------
 0   4.3125
 1    3.8750
 2   3.4375
 3   3
 4   2.5625
 5   2.1250
 6   1.6875
 7    1.2500
 8    0.8125

Because we cannot have fractional values for either x or y, the solution is x=3, y=3

Answer:
3 hot dogs, 3 milk shakes, and 8 sodas.
5 0
2 years ago
: i can't believe it! now our pay depends on meeting goals! doesn't effort count for anything anymore? i have the same goals tha
viva [34]

Setting the pay according to the goals achieved by a group may not be considered beneficial to everyone, thus decreasing motivation. Pay-for-performance or according to individual performance may help motivate the employee but increasing individuality in terms of performance may also decrease group cohesiveness or group-related values. The speaker here shows depreciation by undervaluing another's work to overvalue or protect one's own.

6 0
2 years ago
Label demand as elastic, unit elastic, or inelastic for each scenario. Use the midpoint method when applicable to calculate the
Alborosie

Answer:

The demand for signature lunchbox container is inelastic. Price elasticity of demand is -1

The demand for gasoline is inelastic. Price elasticity of demand is 0.5

The demand for bus in Austin is inelastic. Price elasticity of demand is -1.38

Explanation:

Midpoint formula for price elasticity of demand = (change in quantity demanded/average quantity demanded) ÷ (change in price/average price)

Signature lunchbox container

change in quantity demanded = 15,000 - 20,000 = -5000

average quantity demanded = (20,000 + 15,000)/2 = 35,000/2 = 17,500

-5000/17,500 = -0.286

change in price = 4 - 3 = 1

average price = 4+3/2 = 7/2 = 3.5

1/3.5 = 0.286

Price elasticity of demand = -0.286/0.286 = -1. The demand is inelastic because the price elasticity of demand is less than 1

Gasoline

Price elasticity of demand is 0.5. The demand for gasoline is inelastic because the price elasticity of demand is less than 1.

Bus in Austin

change in quantity demanded = 61,000 - 70,000 = -9,000

average quantity demanded = (70,000+61,000)/2 = 65,500

-9,000/65,500 = -0.137

change in price = 2.21 - 2 = 0.21

average price = (2+2.21)/2 = 2.105

0.21/2.105 = 0.0998

Price elasticity of demand = -0.137/0.0998 = -1.38. The demand for bus in Austin is inelastic because the price elasticity of demand is less than 1

3 0
2 years ago
Klamath Corp. produces two products: saws and drills. Three activities are used in their manufacture. These activities and their
slega [8]

<u>Solution and Explanation:</u>

Answer 1 <u>Calculation of activity rate is as follows: </u>

<u>Stamping</u> = Budgeted costs divided by Machine tour  

= $200000 / 10000 = $20 machine hour

<u>Assembly</u> = Budgeted costs divided by Labor hour

= $400000 divided by 20000 = $20 labor hour

<u>Setup</u> = Budgeted costs divided by setup

= 30000 / 15 = 2000 setup

Answer 2 <u>Overhead cost per unit = Total overhead cost divided by total units produced .</u>

\text { Saws }=(((4000 * \$ 20)+(7000 * \$ 20)+(3 * 2000)) / 500

Saws = $452 per unit  

\text { Drills }=(((6000 * \$ 20)+(13000 * \$ 20)+(12 * 2000)) / 600

Drills = $673 per unit

5 0
2 years ago
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