A sales rep from AdVance spends several months with the buyer for a company that owns a dozen farms understanding the buyer's needs, and puts together a proposal for several fertilizers produced for the company's specific needs
When the sale is about to close, the buyer decides to purchase a cheaper, pre-made, standardized formula from another supplier. What is the most likely explanation of the outcome of the interaction?
A) The salesperson saw the sale as a partnering relationship while the buyer saw it as a transactional sale.
B) The salesperson saw the sale as a transactional relationship while the buyer saw it as a partnering sale.
C) The salesperson and buyer did not get along personally, so the buyer did not buy from the salesperson on principle.
D) The salesperson did not understand the buyer's needs and proposed fertilizer formulas that weren't exactly right for the buyer.
E) The buyer never intended to purchase from AdVance.
A
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If a person employs an architect to design the layout of his or her own home, it would constitute a(n) ________ relationship
A) employer-employee B) principal-independent contractor C) principal-agent D) agent-independent contractor
Highview Corp. applies manufacturing overhead to production at 125% of direct labor cost. During the year ended 20x8, manufacturing overhead of $100,000 was applied to production; actual manufacturing overhead was $109,000. Beginning Work in Process Inventory was $15,000 and beginning Finished Goods Inventory was $35,000. Work in Process Inventory increased by 10% during the year and Finished Goods Inventory decreased by 20% during the year. Sales for the year ended 20xx were $450,000, yielding a $130,000 gross profit. Complete the following schedule:Direct materials used in production?Direct labor?Manufacturing overhead applied?Current manufacturing costs? Beginning Work in Process Inventory? Ending Work in Process Inventory?Cost of goods manufactured?
Beginning Finished Goods Inventory? Ending Finished Goods Inventory?Unadjusted Cost of Goods Sold?Overhead adjustment?Adjusted Cost of Goods Sold? What will be an ideal response?
To determine the production budget for an accounting period, consideration is given to all of the following except:
A. Budgeted sales. B. Budgeted overhead. C. Budgeted beginning inventory. D. Budgeted ending inventory. E. Safety stock.
What is meant by automatic progression?
What will be an ideal response?