Which of the following best describes a company sales force?
A. A company sales force is composed of people both inside and outside the organization.
B. A company sales force is a team set up to sell products to companies.
C. A company sales force is made up of independent agents making cold calls.
D. A company sales force is an organization that supplies sales reps to other companies.
E. A company sales force is composed of people who are employees of the selling company.
Answer: E
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Jane received a check as payment for her performance at a night club. In turn, she gives the check to Paul as a gift, but the check turns out to be worthless when he tries to cash it 45 days later. Does Paul have a claim against Jane?
a. Yes, because he is the holder of the instrument. b. No, because warranties apply only if the instrument has been transferred for consideration. c. No, because he did not make a warranty claim within 30 days. d. Yes, because Jane should have made sure the check was valid before she gave it to Paul.
Bell Brothers has $3,000,000 in sales. Its fixed costs are estimated to be $200,000, and its variable costs are equal to 50 percent of sales. The company has $1,000,000 in debt outstanding with a before-tax cost of 10 percent. If Bell Brothers' sales increase by 20 percent, by what percent should its earnings per share (EPS) change?
A. 16.00% B. 20.00% C. 21.67% D. 23.08% E. 25.00%
What are the essential elements of a contract? List and discuss them
General Talc Mines may prepare to ________. (See Table 4.5)
A) arrange for a loan equal to the external funds requirement B) eliminate the dividend to cover the needed financing C) cancel the retirement of the long term note to cover the needed financing D) repurchase common stock equal to the external funds requirement