What should the consultative salesperson do when the prospect says, "Does that mean your product is 10 percent slower than your competitor's?"

a. Conduct an unplanned needs assessment.
b. Immediately leave the prospect's office.
c. Modify his or her sales proposal.
d. Handle the question as an objection.

Ans: d. Handle the question as an objection.

Business

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Stephens, Inc had 140,000 shares of $5 par value common stock issued and outstanding as of December 15, 2016

The company is authorized to issue 1,000,000 common shares. On December 15, 2016, Stephens declared a 40% stock dividend when the market value for its common stock was $9 per share. The stock was issued on Dec. 30. Prepare the journal entries to record the declaration and distribution of the stock dividend. Explanations are not required. Compute the total shares after the dividend. What will be an ideal response

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If an agent currently has an inactive license, this means

A. The agent can transact any insurance which is authorized by that license. B. The agent is restricted to transacting only in California and no other state. C. The agent can only transact insurance business that is approved by his managing general agent. D. The agent cannot transact any insurance business for which a valid license is required.

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