(I) Pie Charts Are Useful for Showing the Percent That

question 20

Multiple Choice

(i) Pie charts are useful for showing the percent that various components compose of the total. (ii) Simple bar charts may be constructed either horizontally or vertically. (iii) A bar chart is a graphic representation of a frequency table.

• A) (i), (ii) and (iii) are all correct statements.
• B) (i) and, (ii) are correct statements but not (iii).
• C) (i) and, (iii) are correct statements but not (ii).
• D) (ii) and, (iii) are correct statements but not (i).
• E) All statements are false.

Understand the strategies for cross-selling and upselling.

Identify effective communication strategies to address customer objections.

Comprehend the significance of consultative selling in B2B contexts.

Learn the stages of the personal selling process.

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Definitions:

Sales Budget

A financial plan detailing the expected revenues from sales over a specific period, used for setting targets and measuring performance.

Budgeted Income

The forecasted profit or loss for a given period, based on expected revenues and expenses.

Production Budget

An estimate of the total output, expressed in terms of units, that a company plans to produce in a specified period.

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period, helping businesses manage their cash flow and ensure liquidity.