A __________ is a completed sale with an option for the buyer to return the goods
A) conditional sale
B) contingency sale
C) sale or return
D) sale on approval
C
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Which of the following best describes the term "expenses"?
a. The amount of total profits earned by a business since it began operations. b. The amount of interest or claim that the owners have in the business. c. The future economic resources of a business entity. d. The outflow of assets resulting from the sale of goods and services.
Which statement regarding SELL sequence is NOT correct?
A. SELL sequence is part of essential steps within the presentation stage. B. The SELL Sequence is a great method of determining if the FAB is of interest to the buyer C. The SELL sequence should always be used by a salesperson at the closing stage D. When a question is integrated with the product's FAB, it forms the SELL Sequence. E. The SELL Sequence is an effective form of persuasive communication.
If a business sells two products, it is not possible to estimate the break-even point
Indicate whether the statement is true or false
Consumers are more likely to perceive the value of a product to be less than its cost if:
a. the product's price is set too high. b. the product's manufacturer gains very little profit from the product. c. the product has an inelastic demand. d. the product's demand and supply attain the state of price equilibrium.