Joe Girard's"Ferris Wheel"concept Assumes Which of the Following

question 15

Essay

Joe Girard's"Ferris wheel"concept assumes which of the following?
A)The optimal ratio of customers to prospects is 66 percent.
B)If the customers are sold the correct product and given good service,a company will not lose customers.
C)A certain number of customers will be lost every year by most companies.
D)Departing customers must be replaced by new customers at an equal rate.
E)Salespeople will do better prospecting when they think of the process as a roller coaster.

• A)The optimal ratio of customers to prospects is 66 percent.
• B)If the customers are sold the correct product and given good service,a company will not lose customers.
• C)A certain number of customers will be lost every year by most companies.
• D)Departing customers must be replaced by new customers at an equal rate.
• E)Salespeople will do better prospecting when they think of the process as a roller coaster.

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Definitions:

Manufacturing Overhead

encompasses all manufacturing costs that are not directly associated with the cost of raw materials or direct labor, including rent, utilities, and salaries of managers.

Cost of Goods Sold

The explicit expenses linked to manufacturing the products a business sells, including costs for materials and labor.

Balance Sheet

A document detailing a business's assets, liabilities, and equity of shareholders at a particular moment, offering an overview of its financial health.

Spreadsheet

A digital document where data is arranged in rows and columns, commonly used for calculations and data analysis.