You Have Been Asked to Provide One Single Tip to a Group

question 11

Multiple Choice

You have been asked to provide one single tip to a group of new salespersons.Which of the following is likely to be your number one tip to this group?

• A) identify gatekeepers
• B) try to create a win-win situation where both buyer and seller are happy
• C) provide all the information about a product, even if it is unfavourable
• D) rank making the sale as the number one most important consequence of the sales presentation
• E) ignore personality differences between buyer and seller because in the long-run they have no lasting effect on the relationship

Knowledge on how QuickBooks categorizes transactions on financial reports.

Ability to record customer payments and understand its impact on business accounts.

Understand the setup process for creating a new company data file in QuickBooks.

Know how to record sales transactions efficiently in QuickBooks.

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Definitions:

Inventory Turnover

A financial ratio indicating how many times a company's inventory is sold and replaced over a specified period, assessing efficiency in managing stock.

Financial Statements

Records that provide an overview of a company's financial condition, including balance sheet, income statement, and cash flow statement.

Stock Market

The stock market is a collection of markets and exchanges where the buying, selling, and issuance of shares of publicly-held companies take place.

Statement of Cash Flows

A financial report that provides aggregate data regarding all cash inflows and outflows a company receives from its ongoing operations, investment, and financial activities.