Based on the Information in Table B-1, and Given That

question 70

Multiple Choice

Based on the information in Table B-1, and given that the stockturn rate is 10, the cost of sales is:

• A) $400,000.
• B) $70,000.
• C) $60,000.
• D) $65,000.

Analyze the enforcement mechanisms and powers of the Competition Tribunal under the Competition Act.

Understand the concepts of misleading advertising, restraint of trade, and restrictive trade practices as defined under the Competition Act.

Explain the exemptions and exceptions under the Competition Act.

Identify the potential legal consequences of violating the Competition Act including penalties and remedies.

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Definitions:

Value Analysis

A methodical approach to examining the function of goods or services to minimize cost without compromising on quality or performance.

Trial Close

A soft questioning technique used by salespeople during the sales process to gauge a prospect's readiness to buy.

Sales Presentation

A pitch or demonstration given to potential buyers highlighting the benefits and features of a product or service.

Approach Phase

The initial stage in the sales process where the salesperson first contacts the potential customer, aiming to establish rapport and understand customer needs.