List the seven steps in the personal selling process.
What will be an ideal response?
| 1. | Generating sales leads |
| 2. | Qualifying sales leads |
| 3. | Doing a needs assessment |
| 4. | Developing and proposing solutions |
| 5. | Handling objections |
| 6. | Closing the sale |
| 7. | Following up |
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An operational process system is characterized by a small number of homogeneous products passing through a series of processes, where each process is responsible for one or more operations that bring a product closer to completion
Indicate whether the statement is true or false
Hastings Company replenished a $500 petty cash fund. The petty cash box contained vouchers of $87 for postage, $173 for supplies, $58 for gasoline, and cash on hand of $182. The journal entry to reflect replenishment would include:
a. debits to expense of $318 b. a debit to Cash for $318 c. a credit to Petty Cash for $318 d. a credit to Cash or $182
A company should choose a depreciation method that:
A) best allocates the original cost of the asset to the periods benefited by the use of the asset. B) saves the most taxes by generating the highest amount of expense and decreasing the net income. C) generates the most conservative estimate of the depreciation expense for the period. D) shows the highest amount of net income.
Describe the reasons that a company acquires other brands:
What will be an ideal response?