Explain the primary benefits of using social media to build business relationships
Social media involve customers and employees in conversations that build meaningful relationships. Companies can learn from what customers are saying about their experiences with services and products. JetBlue, for example, uses social media as a collaborative, cost-effective way to interact with customers. Similarly, intranet sites let companies receive valuable feedback from employees.
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A company which sells merchandise or services can receive cash from customers ________.
A) over the counter B) by electronic funds transfer C) through the mail D) in any of the above forms
The concept of ________ lends even more importance to the salesperson's customer-relationship-building abilities
A) sales-force territory B) sales promotion C) sales-force management D) salesperson-owned loyalty E) sales-force structure
The following information relates to Randolph Manufacturing's overhead costs for the month:
Randolph allocates manufacturing overhead to production based on standard direct labor hours.
Randolph reported the following actual results for last month: actual variable overhead, $14,500; actual fixed overhead, $5,400; actual production of 4,700 units at 0.22 direct labor hours per unit. The standard direct labor time is 0.20 direct labor hours per unit.
Compute the variable overhead efficiency variance. (round the answer to the nearest dollar)
The journal entry to issue 1,000,000 shares of $5 par common stock for $6.75 per share on January 2nd would be:
A) Jan 2 Cash 6,750,000Common Stock 5,000,000Paid-In Capital in Excess of Par - C/S 1,750,000 B) Jan 2 Cash 5,000,000Common Stock 5,000,000 C) Jan 2 Cash 5,000,000Paid-In Capital in Excess of Par - C/S 1,750,000Common Stock 6,750,000 D) Jan 2 Cash 1,000,000Common Stock 1,000,000