Virtually Every Occupation That Involves Customer Contact Has an Element

question 188

Multiple Choice

Virtually every occupation that involves customer contact has an element of personal selling in it.The Bureau of Labor Statistics reports that about __________ people are employed in sales positions in the U.S.

• A)5 million
• B)10 million
• C)14 million
• D)18 million
• E)24 million

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Definitions:

Ample Capacity

A situation where a company has enough or more than enough capacity to meet its current production or operation needs.

Transfer Price

The price at which goods and services are sold between divisions within the same company or between controlled or related entities.

Direct Materials

Raw materials that are directly attributable to the product being manufactured and are a significant component of its cost.

Variable Manufacturing Overhead

Costs of manufacturing that vary with the level of production, such as utilities for the production facility and raw materials.