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Gnoma
26 days ago
13

Michael works as a sales representative for an oilfield supply business in West Texas. He sells highly technical safety equipmen

t to his customers. Michael visits his customers on a regular basis to provide information about new products and to solve technical problems that may arise as his clients use the equipment. For Michael, personal selling works better than other forms of promotion because of _______. a. the value of the product b. the number of potential customers c. the role of social media d. the complexity of the product
Business
1 answer:
harina [3.2K]26 days ago
4 0

Answer:

d. the complexity of the product.

Explanation:

Marketing is the strategy of crafting promotional methods and sales tactics by a business to improve the availability of products and services aimed at fulfilling consumer needs, which is achieved through advertising and market analysis. Pre-service strategies encompass recognizing target markets, design, branding, and conducting market research. Therefore, it involves identifying, predicting, selecting mediums, and executing processes for creating, promoting, delivering, and exchanging goods and services that offer value to consumers. Typically, it centers around comprehending customer requirements and building lasting relationships to boost business growth.

Face-to-face selling, also referred to as personal selling, is a sales approach where the salesperson directly engages with potential buyers to persuade them to purchase a product.

For Michael, personal selling is more effective than other promotional methods due to the product's intricate nature, which involves high levels of technicality. His offerings are complex and therefore necessitate detailed guidance or explanations for safe usage.

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Pattup Company makes 40,000 units per year of a part that it uses in the products it manufactures. The unit product cost of this
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Tech Solutions is a consulting firm that uses a job-order costing system. Its direct materials consist of hardware and software
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Instructions are provided below.

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setup cost = $1.75

setup time = 2.625 min

Explanation:

given data

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solution

The setup cost is calculated as

setup cost = \frac{Q^2*H*(1-\frac{d}{p})}{2D}......................1

Here, Q represents the desired lot size, H is the holding cost, d denotes daily demand, D is annual demand, and p is the daily output.

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