A Subsidiary Sold Inventories to Its Parent Entity in the Year

question 14

Multiple Choice

A subsidiary sold inventories to its parent entity in the year ended 30 June 2022 at a profit of $8 000. At 30 June 2022 the parent had not sold the inventories. The company tax rate is 30%. The consolidation worksheet prepared at 30 June 2022 will contain the following adjustment entry for inventories:

• A) CR Inventories $2 400.
• B) DR Inventories $2 400.
• C) DR Inventories $8 000.
• D) CR Inventories $8 000.

Describe the process and importance of prospecting in personal selling.

Explain Maslow's hierarchy of needs and its application in marketing.

Define the roles of different participants in the buying process, including organizational buyers, distributors, and buy centers.

Discuss the importance and challenges of understanding customer position in the decision-making process and applying effective marketing strategies at different stages.

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Definitions:

Brand Extensions

A marketing strategy where a company uses an existing brand name to launch a product in a different category.

Cannibalization

The decrease in the number of sales, income, or market presence of an existing product caused by the launching of a new product by the same manufacturer.

Corporate Branding

Corporate branding is the practice of promoting the brand name of a corporate entity, as opposed to specific products or services, to enhance its reputation and identity.

Samsung Electronics

A multinational electronics company headquartered in South Korea, known for manufacturing a wide range of consumer and industry electronics, including smartphones, TVs, and semiconductors.