Which of the following statements is true about salespeople?
A. They are often the knowledge experts for their firm.
B. They should always focus on the sale and not the relationship.
C. They should start selling as soon as they meet a new prospect.
D. They do not need to be experts on the benefits of their products.
E. They should not waste time focusing on competitors' actions.
Answer: A
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The fundamental accounting equation is
a. None of the answers listed b. Assets + Owner's Equity = Liabilities c. Assets + Liabilities = Owner's Equity d. Assets = Liabilities + Owner's Equity
Which one of the following subsequent events will least likely result in an adjustment to the financial statements?
a. Material change in the amount of settlement of a lawsuit which had been estimated at year end. b. Bankruptcy of a customer who owes your client a material amount on open account at year end for which there is an inadequate allowance estimate. c. Sale of a large block of inventory at a price materially below carrying value. d. Signing of a letter-of-intent by the client to acquire 55% of another entity for stock.
Why would a company create a knockoff of a product?
What will be an ideal response?
Indicate the plural form of the singular noun. foot