What is a sales territory?
What will be an ideal response?
Sales territory refers to a group of customers or a geographical area assigned to a salesperson.
You might also like to view...
Answer the following statements true (T) or false (F)
1. Chicago Cutlery reinstituted a sales contest with the same rules as the one that it used five years ago. This is an example of a process innovation. 2. Entrepreneurs tend to be tolerant of ambiguity. 3. Most organizations experience innovation as a matter of course; it happens naturally as part of everyday business. 4. The three most important ways to encourage innovation are by providing the right organizational culture, a team-based structure, and creative talent.
Which inventory cost flow method assigns the cost of the most recent items purchased to cost of goods sold?
A) Specific identification B) Weighted average C) FIFO D) LIFO
Grason Corporation is preparing a budgeted balance sheet for 2018. The retained earnings balance at December 31, 2017 was $533,500. The 2018 budgeted income statement shows expected net income of $112,000. The company expects to declare dividends during 2018 amounting to $40,000. The expected balance in retained earnings on the 2018 budgeted balance sheet is:
A. $493,500. B. $605,500. C. $685,500. D. $645,500. E. $533,500.
When the unemployment rate is low, there are fewer qualified workers looking for jobs. This labor market condition may encourage companies to raise wages in order to recruit or retain employees.
Answer the following statement true (T) or false (F)