Explain the marketing strategy known as the pure selling approach, giving one example of its implementation
What will be an ideal response?
The pure selling approach is used when an agent or representative takes an individual with certain qualities and characteristics and seeks out someone who may want or need the benefit of these qualities and characteristics. Examples given by students will vary. The textbook addresses an agent of a celebrity who presents the qualifications of the client to potential buyers in need of the talents of the celebrity.
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Rocky Mountain Bottling Company produces a soft drink that is sold for a dollar. At production and sales of 800,000 units, the company pays $600,000 in production costs, half of which are fixed costs. At that volume, general, selling, and administrative costs amount to $250,000 of which $70,000 are fixed costs. What is the amount of contribution margin per unit?
A. $0.40 B. $0.25 C. $0.5375 D. None of these is correct.
The term "American" refers exclusively to someone who considers his or her home country the United States
Indicate whether the statement is true or false.
Use the following income statement and information about changes in noncash current assets and liabilities to (1) prepare only the cash flows from operating activities section of the statement of cash flows using the indirect method and (2) compute the company's cash flow on total assets ratio for the year assuming that average total assets are $525,250.Davey CompanyIncome StatementFor Year Ended December 31Sales?$880,000Cost of goods sold? 487,000Gross profit?$393,000Operating expenses:?? Salaries expense$144,000? Rent expense76,000? Depreciation expense45,000? Amortization expense22,000? Utilities expenses 12,000 299,000Income from operations?$ 94,000Loss on sale of equipment? 14,000Income before taxes?$ 80,000Income tax
expense? 28,500Net Income?$ 51,500???Changes in current asset and current liability accounts for the year that relate to operations follow.Increase in accounts receivable$ 32,000Increase in accounts payable (all accounts? payable transactions are for inventory)13,500Decrease in prepaid expenses9,200Decrease in merchandise inventory14,000Decrease in long-term notes payable20,000 What will be an ideal response?
In an emerging market economy, a financial crisis generally begins with
A) mismanagement of financial liberalization or innovation. B) asset pricing booms and busts. C) an increase in uncertainty caused by failure of financial institutions. D) all of the above.