Focusing pricing objectives on sales growth can provide a measure of increasing market share as well as an incentive and target for managers for a period of time
Indicate whether the statement is true or false
T
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The cost of going to an ATM is $2 in an economy. If the nominal interest rate in the economy is 1 percent, what is the total cost associated with holding cash for an individual who spends $15 daily and has a 9 percent probability of having his cash lost or stolen? Assume that he visits the ATM once in every T days.
A. (365/T) + (0.75 ×T) B. (730/T) + (0.75 ×T) C. (730/T) + (1.5 ×T) D. (365/T) + (1.5 ×T)
______ is key to aligning subcultures with core company values.
a. Monitoring b. Communication c. Repetition d. Positive reinforcement
When should a salesperson use a suggestive proposition to close the sale?
What will be an ideal response?
ETutor is an online tutoring service provider that is particularly popular with college students. The company is interested in estimating the fixed and variable components of its tutoring services costs. The manager believes that these costs are driven by the number of hours of tutoring services provided. The following information was gathered for the last six months of business:MonthNumber of Hours Tutoring costsJanuary 25,000 $308,000 February 41,000 420,000 March 29,000 352,000 April 31,000 373,000 May 34,000 378,000 June 18,000 252,000 Required: 1) Compute the average tutoring cost per hour for the six-month period. (Round the average tutoring cost per hour to two decimal points.)2) Use the high-low method to estimate the total fixed cost
and the variable cost per hour. (Round the variable cost per hour to two decimal points.)3) Name one advantage and one disadvantage of the high-low method. 4) Describe the scattergraph method that can be used to analyze mixed costs. What will be an ideal response?