Which of the following statements indicates the salesperson is using the survey approach?
A) "Would you be interested in a security system that is currently used by most major banks in America?"
B) "Tammy Williams, buyer for the Mayfield Company, has been very pleased with our line of drapes and suggested I arrange to show you our products."
C) "I am anxious to show you our newest copy machine."
D) "I want to study your traffic patterns to be sure that our product meets your needs."
E) "Please accept this sample of our floor cleanser."
D
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A sales forecast projects a company's future revenues
Indicate whether the statement is true or false
Under what circumstances does a shareholder have a right to share in the profits of thecompany?
A) Upon the presentation of a creditor's petition for the winding up of the company B) When the company has been wound up and there are assets remaining after all creditors have been paid C) When the directors declare a dividend D) When all monies owed to the company has been repaid E) When the company has been dissolved
Outsourcing has made in-house information systems (IS)/IT functions obsolete
Indicate whether the statement is true or false
The YTMs of three $1,000 face value bonds that mature in 10 years and have the same level of risk are equal. Bond A has an 8% annual coupon, Bond B has a 10% annual coupon, and Bond C has a 12% annual coupon. Bond B sells at par. Assuming interest rates remain constant for the next 10 years, which of the following statements is CORRECT?
a. Since the bonds have the same YTM, they should all have the same price, and since interest rates are not expected to change, their prices should all remain at their current levels until maturity. b. Bond C sells at a premium (its price is greater than par), and its price is expected to increase over the next year. c. Bond A sells at a discount (its price is less than par), and its price is expected to increase over the next year. d. Over the next year, Bond A's price is expected to decrease, Bond B's price is expected to stay the same, and Bond C's price is expected to increase. e. Bond A's current yield will increase each year.