Asked by Lesley Figueroa on May 22, 2024
Verified
There are numerous types of value analyses that a salesperson can develop for a prospect. One type that is frequently used is the:
A) retail cost versus wholesale cost.
B) average markup.
C) product cost versus true value.
D) selling cost versus selling price.
E) net profit.
Value Analyses
A method of assessing the functions of a product or service to reduce costs and improve product value for consumers.
Selling Price
The amount of money charged for a product or service, determined by factors such as cost, market demand, and competition.
Retail Cost
The total price at which a product is sold to the end consumer, including costs of production, distribution, and a profit margin.
- Identify various types of value analyses used in sales to demonstrate product or service value.
Verified Answer
Learning Objectives
- Identify various types of value analyses used in sales to demonstrate product or service value.
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