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Salespeople are typically classified as order getters, order takers, and support personnel. How would you classify the following salespeople? and Why?
1. Pharmaceutical salesperson selling to doctors
2. Car salesperson
3. Retail store salesperson
4. Telemarketer soliciting donations for a charity
5. Real estate agent
6. Heavy equipment salesperson
7. Agent for a snack food distributor who only stocks shelves
8. Door-to-door cosmetics salesperson
9. Insurance salesperson
10. Agent for a snack food distributor who fills a retailer's orders
The distinction between supply and the quantity supplies is best made by saying that supply is represented graphically by a curve and quantity supplied as a point on that curve. why?
How do the demographic trends of two prominent East Asian countries, China and Japan, compare and contrast? What are some of the impacts of these trends, and what unique challenges does each country face as a result? How has the government for these ..
Suppose the real rate of interest is 3%, and the money supply is growing at 5%. If the growth rate of the money supply rises to 10%, then, according to the Fisher effect, what is the change in the real rate of interest? ________________ nominal rate ..
When the economy is regularly hit by TFP shocks we say the one-period model is useful because it realistically predicts that : Suppose that in the one-period model the government wants to maximize output and the time endowment is expressed in hours (..
Assume the elasticity of demand (Ed) at a price of $11 is 3.5, while the Ed at a price of $6 is equal to 1, while the Ed of a price of $3 is = .50. Explain/interpret what each of those answers means. Be thorough and be sure to discuss the impact that..
Calculate the equilibrium price and quantity that would prevail without the price ceiling. Calculate producer and consumer surplus at this equilibrium
Pure or economic profit is:
Which of the following is NOT a component of GDP?
Your firm is considering a potential investment project, and your finance group has prepared the following estimates: and NPV of $10 million if the economy is strong (30% probability), and NPV of $4 million if the economy is normal (50% probability a..
A company expects to achieve cost savings of $4,500 the first year and amounts increasing by $800 each year for the next 5 years. At an interest rate of 10% per year, what is the total present worth of the savings?
In general, illustrate what happens to the level of consumer surplus as the price of a good falls.
The social marketing theory is a combination of theories that aim to influence attitudes and behavior. The theory has been applied extensively in the public health field to influence both healthy and unhealthy behavior. While behavior influence is..
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