It Is Estimated That the Average Cost of a Single

question 21

Multiple Choice

It is estimated that the average cost of a single field sales call on a business customer is about __________, factoring in salespeople compensation, benefits, and travel-and-entertainment expenses.

• A)$150
• B)$250
• C)$300
• D)$500
• E)$400

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Definitions:

Profit Center

A segment or area of a business that is directly responsible for generating profit through its operations and is assessed based on its profitability.

Investment Turnover

A measure of a company's efficiency in using its assets to generate sales or revenue, calculated as sales divided by average assets.

Return on Investment

A measure of the profitability of an investment, calculated as the ratio of net profit to initial cost.

Investment Turnover

A ratio that measures how effectively a company uses its invested capital to generate sales revenue.