A retailer attempting to improve its selling efficiency from 60 percent to 70 percent reduced its selling expense budget from $400,000 to $300,000 . However, its new selling efficiency was reduced to 50 percent. What happened?
a. Sales decreased from $1,000,000 to $500,000.
b. Sales decreased from $1,000,000 to $600,000.
c. Sales decreased from $1,000,000 to $700,000.
d. Sales increased from $1,000,000 to $1,250,000.
b
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Which of the following is an example of penetration pricing?
A) A local furniture store prices its products high and then holds sales such as Red Tag Specials and President's Day Deals. B) A clothing chain with stores nationwide sells its items for the same price all the time. C) A soft drink company has developed a way to reseal soft drink cans and has priced the cans lower than its competitors' regular cans to attract customers. D) A mobile home company priced most of its new two-bedroom models at $79,955. When they weren't selling well, the company dropped the price to $75,955. E) A tax preparation service charges full price for the first time you use the service and then gives a discount for return visits.
MiaPizza is a small family-run pizza parlor that accepts only cash. One of the owner's sons has just graduated from college and is urging his dad to begin accepting credit cards in order to increase sales. The son is one of your good friends
Knowing that you are taking an AIS course, he offers a free pizza dinner in exchange for talking to him about how to implement credit card processing into the business. He wants to know more about the steps (activities) you would advise he take to document the new business process. To prepare for your free pizza dinner, write a short summary of your notes with the steps he should use to document the proposed business process. What will be an ideal response?