What is relationship selling?
What will be an ideal response?
It is a sales philosophy and process that emphasizes a commitment to maintaining relationships with customers over the long term and investing in opportunities that are mutually beneficial to all parties.
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Top-Shelf Construction discovered that for every 1 percent decrease in its sales, its earnings before interest and taxes (EBIT) decrease by 3.2 percent. Based on this information, we know that Top-Shelf Construction has a:
A. debt/assets ratio equal to 3.2 times its debt/equity ratio. B. degree of operating leverage (DOL) equal to 3.2. C. current ratio (= Current assets/Current liabilities) equal to 3.2. D. degree of total leverage equal to 3.2. E. degree of financial leverage (DFL) equal to 3.2.
To create an aggregate plan, a company must specify the planning horizon for the plan and the duration of each period within the planning horizon
Indicate whether the statement is true or false.
Which measure of variability should never be used alone to reach conclusions regarding the variance of a distribution?
a.Standard deviation b.Mode c.Variance d.Range
If interest expense lowers taxes, why does the WACC not decrease indefinitely with the addition of more debt?
A) The tax shield effect of debt will result in a lower cost of equity. B) Increasing debt too much can result in a greater likelihood of firm failure (financial distress). C) A firm's common stock price will not be affected by the amount of debt a firm uses. D) Too much common equity increases the probability of bankruptcy.