Differentiate between team selling and relationship selling.
What will be an ideal response?
Team selling involves the salesperson joining with people from the firm's financial, engineering, and other functional areas. Team selling is advantageous in situations calling for detailed knowledge of new, complex, and dynamic technologies like jet aircraft and medical equipment. It can be difficult, however, for highly competitive salespersons to adapt to a team selling environment.Relationship selling, also known as consultative selling, involves building mutually beneficial long-term associations with a customer through regular communications over prolonged periods of time. Relationship selling involves finding solutions to customers' needs by listening to them, gaining a detailed understanding of their organizations, understanding and caring about their needs and challenges, and providing support after the sale.
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The worldwide popularity of McDonald's suggests that there is a global consumer culture that unites people around the world by their common devotion to brands
Indicate whether the statement is true or false
The system through which customers have access to your product or service to be able to purchase it represents:
A) the channels of distribution. B) sales promotion. C) advertising. D) public relations.
The accounts payable department reconciles the accounts payable subsidiary ledger to the control account
Indicate whether the statement is true or false
A business hired a repair service to overhaul its plumbing system. The repair service began work on September 15 and completed it on October 15. The business agreed to pay the service $4,000 when the work was completed
As of September 30, the work was 50% complete, and the business made an adjusting entry to accrue repair expense as of the end of September. On October 15, the work was completed, and the repair service was paid in full. Provide the journal entry for the cash payment on October 15. (Ignore explanation). What will be an ideal response