Answer:
A
B
C
Explanation:
A person has comparative advantage in production if it produces at a lower opportunity cost when compared to other people.
Opportunity cost of the next best option forgone when one alternative is chosen over other alternatives
A person should specialise in the production of goods for which they have a comparative advantage. this maximises total output
Calvin has a comparative advantage in making decals because he is faster compared to Hobbes. He should specialise in making decals.
Hobbes has a comparative advantage in making shirts because he is faster compared to Calvin. He should specialise in making shirts
Answer:
The personal selling process can be defined as the personal contact between a seller and a potential buyer. In order to complete this process it is necessary to identify some steps that are implicit in the purchase.
Explanation:
The personal selling process can be defined as the personal contact between a seller and a potential buyer. In order to complete this process it is necessary to identify some steps that are implicit in the purchase.
Prospecting
Pre-approach
Approach
Presentation
Meeting objections
Closing the sale
Follow-up
Pre-approach: In Jane`s case, she first identify the prospects by list she purchase with the subscribers to the journal once normally people who buy this media are normally the ones who work in offices and therefore they may have some economic power.
Approach: Jane personally called the list in order to narrow the path and classify the ones that could be possible customers for her by having a closer and more friendly approach.
Presentation: The moment of the presentation occurs during the call when Jane explains that she is calling in order to know about their investment needs, once she is letting the possible customer know in an implicit way that she offers investment advice.
Meeting objections : In the second call, Jane is offering some information about the possible good investment customers can have, according to each subject she called there can be different kinds of questions that the seller would have to answer during the meeting objections step.
Closing the sale: and finally, Jane is trying to close the sale with the question she asks, would you like to open an account?
Profit is the whole purpose of starting a business, without profit there could be no real spending which fuels the economy.
I assume this is a true or false question.
False.
Why is criticism needed anyway? Don't we have enough of that already?
We all know, by logic, what hurts others and what may bother them. Criticism is the act of picking on something with the intention of dislike.
If further explanation is needed, just comment below and I'd be glad to assist.
