Jennifer is a salesperson and has just finished answering objections of a client. The next step in the selling process for Jennifer is:
A) to make the sales presentation
B) acquire knowledge of the client
C) the sales closing
D) the follow-up
C
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The all-inclusive income approach requires that all events and transactions that affect income should be reported on the income statement to help prevent the manipulation of income
a. True b. False Indicate whether the statement is true or false
Traditionally, managers have focused cost reduction efforts on
a. activities. b. processes. c. departments. d. costs.
Latimer Textiles Inc Latimer Textiles Inc incurred actual variable overhead expenses of $27,000 in the current year for the production of 8,000 units. Variable overhead was applied at a rate of $1.75 per direct labor hour and 2 direct labor hours were budgeted for each unit. The company used 17,400 direct labor hours for production. Refer to the Latimer Textiles Inc information above. What was
Latimer's variable overhead spending variance? A) $3,450 U B) $3,450 F C) $2,450 U D) $2,450 F
________ are required to collect sales tax from customers, make periodic payments to the taxing authority, and pay the taxes due when reports are filed.
A. Retailers B. Wholesalers C. Manufacturers D. Distributors