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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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Mission Foods produces two flavors of tacos, chicken, and fish, with the following characteristics:
postnew [5]

Answer:

1. $858,000

2. Chicken = 24,000 units and Fish = 36,000 units

Explanation:

The computation is shown below:

1. The anticipated level of profits for the expected sales volumes is

= Expected sales of chicken × (Selling price per taco - Variable cost per taco) +  Expected sales of fish × (Selling price per taco - Variable cost per taco) - total fixed cost

= 200,000 × ($3 - $1.50) + 300,000 × ($4.50 - $2.25) - $117,000

= $300,000 + $675,000 - $117,000

= $858,000

2. The break even volume is

Let we assume the sale units be X

So, total units sold for chicken = 40X

And, for the fish it is = 60X

Sale units of chicken × (Selling price per taco - Variable cost per taco) + Sale units of chicken × (Selling price per taco - Variable cost per taco) = Total Fixed cost

0.40X × (3 – 1.50) + 0.60X × (4.50 – 2.25) = $117,000

0.60X + 1.35X = $117,000

1.95X = $117,000

So, the X is 60,000 units

So for chicken it is 60,000 × 40% = 24,000 units

And for fish it is 60,000 × 60% = 36,000 units

7 0
2 years ago
Which statement regarding headings is accurate? Group of answer choices Headings provide visual distraction for readers; thus th
storchak [24]

Headings highlight information and improve readability.

<h3><u>Explanation:</u></h3>

Any documents readability can be improved with the usage of headings. The headings and sub headings of any documents helps in the representation of important concepts and also the ideas that are supporting those main concept. They help in enhancing the importance of the document through the proper visual representation.

The differences that we use in the text of the documents helps the readers in distinguishing the main concepts and ideas from the rest of the text in the documents. Thus, headings will be appearing in a little bigger size and helps in highlighting information and improving readability.

3 0
2 years ago
Cash Conversion Cycle Zane Corporation has an inventory conversion period of 64 days, an average collection period of 28 days, a
wariber [46]

Explanation:

The computation is shown below    

The length of the cash conversion cycle is  

= Inventory conversion period + average collection period - payable deferral period  

= 64 days + 28 days - 41 days  

= 51 days

Now the investment in account receivable is  

= $2,578,235 ÷ 365 ÷ 28 days  

= $197,782.411

And, the inventory turnover ratio is      

Inventory turnover ratio = Sales ÷ inventory  

where,

Sales = $2,578,235

And, the inventory is

75 = Inventory ÷  [(0.75 × $2,578,235) ÷ 365]

So, the inventory is $397,330.736

Now the inventory turnover ratio is

= $257,8235 ÷ $397,330.736

= 6.488 times

4 0
2 years ago
Jeff jones earns $1,200 per week. he is married and claims four withholding allowances. the social security rate is 6.2% on $118
myrzilka [38]
<span>Answer: Gross Pay: $1200 Less Health Ins: (42.50) Taxable Pay: 1157.50 SS Tax: 71.77 (1157.50 *.062) Medicare Tax: 16.78 (1157.50 *.0145) FIT: 91.79 Net Pay: 977.17 FIT calcualted as follows: Taxable less allowances (1157.50 less (71.15*4) = 872.9 (872.9 * .15)-39.15 = 91.79</span>
4 0
2 years ago
All of the following are inventoried under variable costing except: utilities cost consumed in manufacturing. raw materials used
Bogdan [553]

Answer:

The right approach is Option d (Sales commissions).

Explanation:

  • Sales commission seems to be an expense for the time that is not reflected throughout inventory commodity prices. That would be the amount that could be received by a sales agent as well as a sales representative including its price of a property.
  • The cost of products generated, credit card payments, postage charges the sales commission that you will allocate to sales workers are including variable costs.

Some other three choices are not associated with the case in question. So, option d seems to be the right choice.

8 0
2 years ago
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