After Sending Project Cost Estimates to a Longtime Client, You

question 69

Multiple Choice

After sending project cost estimates to a longtime client, you realize you failed to include information on some discount options. The best thing to do is

• A) contact the primary audience immediately and correct the error.
• B) start looking for a new job.
• C) blame someone else.
• D) take no action.

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Definitions:

Competitive Strategies

Techniques and actions companies take to attract customers, withstand competitive pressures, and strengthen their market position.

Gross Margin

A company's total sales revenue minus its cost of goods sold (COGS), divided by total sales revenue, expressed as a percentage.

Fixed Costs

Expenses that do not change with the level of goods or services produced by a business, such as rent, salaries, and insurance premiums.

Sales Increase

A rise in the number of products or services sold, often indicating a growth in a company's business activities and revenue.