Colonial furniture has been in existence since the 1600s and continues to adorn homes today. According to the product life cycle concept, it would be described as a ________
A) style
B) fashion
C) fad
D) trend
E) drift
A
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The cost of land should not include accrued property taxes paid by the purchaser
Indicate whether the statement is true or false
In order for a customer to arrive at a buying decision, the salesperson should present the product according to:
A) the individual customer's needs B) the salesperson's point of view C) a standardized procedure or presentation D) the buyer profile based on industry research E) the chronological timeline of the product
What is the first step in developing an effective sales training program?
A) measuring sales training interest levels B) conducting a training needs assessment C) establishing a sales training budget D) setting sales training goals E) selecting a training provider
Nic is a great basketball player with a long professional career in front of him. He plays for a European professional team that has made him a very interesting offer
If he will take a "below market" salary beginning one year from today, they will guarantee a 5% annual raise forever - even after he stops playing ball. If the offer is for a $5,000,000 salary to be received one year from today with subsequent payments as described, what is the present value of the contract offer if the cash flows should be discounted at a rate of 12%? A) $71,428,571 B) $75,000,000 C) $41,666,667 D) $43,750,000