Answer:Salesman helps the consumers in making the right decision and proper selection of the products which they want to buy.
Explanation:
Answer:
A salesman educates and guides consumers. They help consumers make the right decisions and proper selection of the products they want to buy. Salesmanship increases the rate of turnover, hence reducing unsold stock.
importance of having a business plan to ensure the success of a business
Answer:
The importance of a business plan is to help plan out how you want a business to go and to also show how to get around or through obstacles.
Management accounting guidelines. For each of the following items, identify which of the management accounting guidelines applies: cost-benefit approach, behavioral and technical considerations, different costs for different purposes.
1. Analyzing whether to produce a component needed for the end product or to outsource it.
2. Deciding whether to compensate the sales force by straight commission or by salary.
3. Adding the cost of store operations to merchandise cost when deciding on product pricing, but only including the cost of freight and the merchandise itself when calculating cost of goods sold on the income statement.
4. Considering the desirability of purchasing new technology.
5. Weighing the cost of increased inspection against the costs associated with customer returns of defective goods.
6. Deciding whether to buy or lease an existing production facility to increase capacity.
7. Estimating the loss of future business resulting from bad publicity related to an environmental disaster caused by a company's factory in the Philippines, but estimating cleanup costs for calculating the liability on the balance sheet.
Key guidelines on accounting management allow accounting professionals can deliver value to their company's strategy and operational judgment. The criteria for key management accounts are:
Employing an approach to costs and benefits:Helps accounting examine allocation decisions such as buying
and buying; buying vs. buying.
Considerations of compliance and technology:Technical considerations allow managers to take perv financial
choices through the dissemination of data in the required format;
behavioral factors allow managers to give their colleagues
thorough information to guide people in improving their skills.
Various costs in various applications:In certain scenarios, management accountants will explore
adopting alternative ways to cost computing. The rationale is
because cost concepts are interpreted differently relying upon the
end-use purposes.
Approach to cost advantages:This can be a useful tool for visualizing the impact and effects
of the action.
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At an output level of 50 units per day a firm has average total costs of $60 and average variable costs of $35.
Its total fixed costs are:_______.
A. $925.
B. $1,250.
C. $1,750.
D. $3,000.
what an example of current Marketing situation of a business or service
A necessary condition to use the equity method of reporting for an equity investment is that the investor company must
a. have the ability to exercise significant influence over the operating and financial policies of the investee.
b. own at least 30% of the investee's voting stock.
c. possess a controlling interest in the investee's voting stock.
d. not have the ability to exercise significant influence over the operating and financial policies of the investee.
FINRA is a government agency with mandate to protect America's investors by making sure the securities industry operates fairly and honestly.
a. True
b. False
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Answer:
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Explanation:
Human resources development is important because it is an investment in one's employees that will ultimately result in a stronger and more effectiv
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When several parties or individuals can reach similar values in financial statements by using similar methods, the information is said to be: Multiple Choice comparable. understandable. verifiable. timely.
When several parties reach similar values in financial statements then the information is said to be comparable.
When two or more companies use same methods of accounting then their values and financial figures can be comparable.
There are accounting standards which provides a base for the accounting treatment for transactions.
There can be analysis if their performance based on their financial figures.
The correct answer is a. Comparable
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Which statement below best represents the technological environment of business?
a. Because service businesses employ approximately 86 percent of the nation's workforce, we now have a
service economy
O b. Every day, business owners must figure out what makes their business successful and how the goods and
services they provide are different from the competition.
O c. Many businesses are now using social media to provide customers with information about products and
services,
O d. Both small and large business firms reduced both spending and hiring new employees during the last
recession because of the nation's unstable economy.
e. There are many "potential customers in developing nations that will buy goods and services manufactured
by U.S. firms
Every day, business owners must figure out what makes their business successful and how the goods and services they provide are different from the competition.
The statement b is the correct one and best represents the technological environment of business, since a technological environment in organizations is one whose knowledge development generates creative innovations that improve a company's products and services.
Technology affects the operationalization as a whole, bringing more solutions and differentiation to a company, which is essential for companies to survive in the long term in a competitive and globalized environment.
So business owners must find out what makes their businesses successful and how products and the services they provide are different from those of the competition.
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plz help what is the difference between deposite and installment in paragraph
Answer:
deposit refers to the savings deposit method where the customer specifies the savings term when opening an account and deposits the principal in installments, and will withdraw the principal and interest in lump sum at maturity. installment is the act of installing; installation or installment can be a portion of a debt, or sum of money, which is divided into portions that are made payable at different times payment by installment is payment by parts at different times, the amounts and times (often equal namely regular, eg mensual)
Explanation:
if the supply of a product decreases we would expect
Answer:
The supply wouldn't sell as good because they don't have the product
Explanation:
A wedding party hired a sole proprietorship to cater their wedding. In this situation, the sole proprietorship is a corporation and the employee who handled the job is a partner. If the sole proprietorship is a corporation and its employee poisons the cake, the corporation's board of directors would not be liable.
false
true
Lauren was accepted at three different graduate schools, and she must choose one. Elite U costs $50,000 per year and did not offer Lauren any financial aid. Lauren values attending Elite U at $60,000 per year. State College costs $30,000 per year and offered Lauren an annual $10,000 scholarship. Lauren values attending State College at $40,000 per year. NoName U costs $20,000 per year and offered Lauren a full $20,000 annual scholarship. Lauren values attending NoName at $15,000 per year. Lauren's opportunity cost of attending State College is
The opportunity cost of attending state college is $20,000.
The computation is given below:
Surplus arise from Elite U:= $60,000 - $50,000
= $10,000
Surplus arise from state college:= $40,000 + $10,000 - $30,000
= $20,000
Surplus arise from no name:= $15,000 + $20,000 - $20,000
= $15,000
So, the opportunity cost of attending state college is $20,000.
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If you do not balance your accounts, you run the risk of
and receiving
Answer:
being overdrawn and receiving NSF fees
Explanation:
what are some sales channels for detailing cars (service)?
Answer:
make me Brainlist
There are basically four types of marketing channels:
Direct selling;
Selling through intermediaries;
Dual distribution; and.
Reverse channels.
Barbara, a change manager , has political skills, she has built a range of relationships across and outside the organization. These characteristics of Barbara are an example of ____________ dimension political skill.
a. networking ability
b. apparent sincerity
c. interpersonal influence
d. social astuteness
Normally, if interest rates rise, the value of Master Limited Partnership (MLP) units will also rise in value.
a. True
b. False
Which statement is an example of effectively managing diversity
The statement that shows an example of effectively managing diversity is that change the signs, brochures & the website that involved the other languages from the local government to the legal & illegal immigrants.
The following information is not relevant:
If there is an increase in the no of families that are the single parent so it does not decrease the health benefits.In order to decrease workplace diversity, the company does not require all employees to speak in English.Companies does not recognize the Americans that shows poor demographic group.Therefore we can conclude that the statement that shows an example of effectively managing diversity is that change the signs, brochures & the website that involved the other languages from the local government to the legal & illegal immigrants.
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You are the sales manager for a company that sells many types and sizes of rock and gravel to construction, landscaping, and retail clients. Because the profit margins are razor-thin, you need to ensure that you are getting the very best prices from the quarries. When reviewing the quarterly profit statement, you realize that your costs are higher than they should be, and you trace the higher costs back to an employee who has been lax about getting competitive bids to ensure the lowest prices. To enact the controlling management function, what would you do next?
Answer:
Redirect the strategic goals of the business to begin selling power tools
Explanation:
We must make an inspiring message to inspire the workforce to enhance her efforts throughout the comparative offering procedure to perform the controlling managerial functions.
To inspire staff to enhance efforts to make competitive tenders need, according to my view, be accomplished as more than just a consequence of financial outcome since the profitability is small. It must be based on slack perceptions of workers.Management seems to have the obligation to encourage workers, to somehow be actively involved, and to recognize the significance of competitiveness offering.
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Sensitivity analysis is concerned with determining how much variation in financial data, the decision maker can have to affect the economic decision.
A. True
B. False
Compared to the equilibrium price and quantity sold in a competitive market, a monopolist will charge a ________ price and sell a ________ quantity. Group of answer choices higher; smaller lower; smaller higher; larger lower; larger none of these options is correct.
Answer:
Will charge a higher price
Dell a smaller higher
WILL GIVE BRAINLIST
Macroeconomics looks at long-run economic problems while microeconomics examines short-run economic problems.
O true
O false
Answer:
true
Explanation:
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What is the key to economics? Explain.
Answer:
At the most basic level, economics attempts to explain how and why we make the purchasing choices we do.
Explanation:
this was a answer from my school
Answer:
Four key economic concepts—scarcity, supply and demand, costs and benefits, and incentives
Explanation:
Scarcity explains the basic economic problem that the world has limited—or scarce—resources to meet seemingly unlimited wants, and this reality forces people to make decisions about how to allocate resources in the most efficient way.
As a result of scarce resources, humans are constantly making choices that are determined by their costs and benefits and the incentives offered by different courses
For example, there is only so much wheat grown every year. Some people want bread and some would prefer beer. Only so much of a given good can be made because of the scarcity of wheat. How do we decide how much flour should be made for bread and beer? One way to solve this problem is a market system driven by supply and demand.
Supply and Demand
A market system is driven by supply and demand. Taking the example of beer, if many people want to buy beer, the demand for beer is considered high. As a result, you can charge more for beer and make more money on average by using wheat to make beer than by using wheat to make flour.
Hypothetically, this could lead to a situation where more people start making beer and, after a few production cycles, there is so much beer on the market—the supply of beer increases—that the price of beer drops.
Costs and Benefits
The concept of costs and benefits is related to the theory of rational choice (and rational expectations) that economics is based on. When economists say that people behave rationally, they mean that people try to maximize the ratio of benefits to costs in their decisions.
If demand for beer is high, breweries will hire more employees to make more beer, but only if the price of beer and the amount of beer they are selling justify the additional costs of their salary and the materials needed to brew more beer. Similarly, the consumer will buy the best beer they can afford to purchase, but not, perhaps, the best-tasting beer in the store.
Everything Is in the Incentives
If you are a parent, a boss, a teacher, or anyone with the responsibility of oversight, you've probably been in the situation of offering a reward—or incentive—in order to increase the likelihood of a particular outcome.
Economic incentives explain how the operation of supply and demand encourage producers to supply the goods that consumers want, and consumers to conserve on scarce resources. When consumer demand for a good increases, then the market price of the good rises, and producers have an incentive to produce more of the good because they can receive a higher price. ON the other hand, when the increasing scarcity of raw materials or inputs for a given good drive costs up and producers to cut back on supply, then the price they charge for he good rises, and consumers have an incentive to conserve on their consumption of that good and reserve it's use for their most highly valued uses.
In the example of a brewery, the owner wants to increase production so they decide to offer an incentive–a bonus–to the shift that produces the most bottles of beer in a day. The brewery has two sizes of bottles: one 500 milliliter bottle and a one-liter bottle. Within a couple of days, they see production numbers shoot up from 10,000 to 15,000 bottles per day. The problem is that the incentive they provided focused on the wrong thing—the number of bottles rather than the volume of beer. They begin receiving calls from suppliers wondering when orders of the one-liter bottles are going to come. By offering a bonus for the number of bottles produced, the owner made it beneficial for the competing shifts to gain an advantage by only bottling the smaller bottles.
