Which of the Following Statements About Portfolios Is True

question 98

Multiple Choice

Which of the following statements about portfolios is true?

• A)Because of cultural and language differences, portfolios should be avoided in international selling situations.
• B)Remember to look at the buyer, not the visual.
• C)Items in the portfolio should be placed in it in the order in which they will be used to make sure none is omitted.
• D)Only insurance salespeople place their portfolios in a binder.
• E)Every portfolio should include the tangible product itself.

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Definitions:

Profit Margin

The ratio of net income to revenue, indicating how much profit is made on average from sales.

Authority

The authority or capability to issue commands, make choices, and ensure compliance.

Decision

The act or process of choosing a particular action among various alternatives based on the expected outcomes.

Residual Income

The income that remains after deducting all costs, expenses, and taxes from total revenues.