A Company Reports Net Income of $70,000 and Net Sales

question 60

Multiple Choice

A company reports net income of $70,000 and net sales of $950,000. Which of the following is the rate of return on net sales?

• A) 0.05
• B) 0.20
• C) 0.07
• D) 0.66

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Definitions:

Canned Sales Presentation

is a pre-scripted and rehearsed sales pitch used to sell a product or service, designed to be effective across various customer interactions.

Proposal Document

A written offer from a seller to a prospective buyer, detailing the terms and conditions of a potential sale.

Testimonials

Statements from satisfied customers or users, endorsing the value or quality of a product or service.

Memorized Sales Presentation

A prewritten script used by salespeople to pitch a product or service consistently across different presentations.