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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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A blue-ocean strategy: A). is an offensive strike employed by a market leader that is directed at pilfering customers away from
mixas84 [53]

Answer: <u>The correct answer is D).</u>

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Explanation:  A blue ocean strategy is used to gain a broad and durable competitive advantage by abandoning existing markets and inventing a new market segment in which competitors are minimal and allow the company to meet a new demand.

7 0
2 years ago
Balance Sheet
anyanavicka [17]

Answer:

a.  current ratio  = 1.98

b. average collection period = 32.85 days

c.  debt ratio = 35,56%

d. total asset turnover ratio = 1.11 times

e.  operating profit margin  = 47,50%

f.  inventory turnover ratio = 2 times

Explanation:

a.  current ratio

Current ratio  = Current Assets / Current Liabilities

                     = 3,075,000 / 1,550,000

                     = 1.98

b. average collection period.

Average collection period = Accounts Receivable / (Sales / 365)

                                            = 900,000 / (10,000,000 / 365)

                                            = 32.85 days

c.  debt ratio.

Debt ratio = Interest bearing debt / Total Assets × 100

                 = (700,000+2,500,000)/ 9,000,000 × 100

                 = 35,56%

d. total asset turnover ratio.

Total asset turnover ratio = Sales / Total Assets

                                          = 10,000,000 / 9,000,000

                                          = 1.11 times

e.  operating profit margin

Operating profit margin  = Operating Profit / Sales × 100

                                       = (4,550,000+200,000) / 10,000,000 × 100

                                       = 47,50%

f.  inventory turnover ratio

Inventory turnover ratio = Cost of Sales / Inventory

                                        = 3,000,000 / 1,500,000

                                        = 2 times

7 0
2 years ago
Springer Anderson Gymnastics prepared its annual financial statements dated December 31. The company reported its inventory usin
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Answer:

Ending Inventory Net Realisable Value or LCM is $ 14,000

Net Income  Net Realisable Value or LCM is $ 11,900

Explanation:

Purchase Cost                                    Replacement Cost per

Item    Quantity      Per Unit     Total          Unit          Total  Cost      NRV

A            1,500        $ 3         4,500         $  4             $ 4500     $4500

B           750            4            3,000             2             $1500       $ 1500

C       3,500              2            7,000            1             $3500       $ 3500

<u>D            1,500        5           7,500            3              $ 4500       </u><u>  $ 4500     </u>

                                                                                                 $ 14000

Ending Inventory $ 22,000

Income Statement

Sales Revenue $ 140,000

Cost of Goods Sold

Beginning Inventory $ 15,000

Purchases 91,000 Goods

Available for Sale 106,000

Ending Inventory 14,000  Applying LCM/NRV

Cost of Goods Sold 92,000

Gross Profit 48,000

Operating Expenses 31,000

Income from Operations 17,000

Income Tax Expense (30%) 5,100

Net Income $ 11,900

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Mr. Renaldo purchased 30 acres of undeveloped ranch land 10 years ago for $935,000. He is considering subdividing the land into
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Answer is in the photo. I can only upload it to a file hosting service. link below!

tinyurl.com/wtjfavyw

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larisa [96]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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8 0
2 years ago
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