Sales Promotions involves all marketing activities (other than advertising, PR, or personal selling) aimed at stimulating consumer purchasing—usually a short-term tool. John Smith. Answered Jan 19, 2017. D. Sales promotion agencies are being selected and evaluated on the basis of formal reviews. c. Gross profit = Net sales − Cost of goods sold. E. All of the above statements about the changing role of sales promotion agencies are true. Which of the following statements about gross profit is correct? (Select all that apply) Correct Answer Coupons Samples and demonstrations Store displays Which of the following are typical objectives of promotion? A) Sales promotion is the only promotional element that is not regulated. (4) 114. A company sells $10,000 of goods. Under the Sales Article of the UCC, which of the following statements is correct regarding the creation of express warranties? b. If the gross profit percentage is 32%, net income would be $3,200. Reason: These are advertisements displayed in trade shows to increase the popularity of a product or a company and not a direct example of sales promotion. Answer: sales promotion: 3) Which of the following is almost always the measure of effectiveness of a sales promotion? 113. C.Trade show exhibits. Market potential is the maximum percentage share of a market that an individual firm within an industry can expect to capture for a specific product. E.A wholly new kind of ad. Multiple Choice. Ans. ... None of these answers are correct. These different activities are known as marketing. Which of the following is not a step in the strategic planning process? Answer: C. Trade show exhibits. Which of the following statements is the most correct statement? Which of the following statements is correct (1) Marketing is not required due to globalization (2) Marketing causes higher expenses and losses (3) Marketing is not required in profit- making companies (4) Marketing sharpens the minds of the employees (5) Marketing is a waste of time in established companies . Answer: sales: 4) Which of the following statements is true about customer promotion? Consumers who take part in sales promotions receive utilitarian, or functional, benefits. B) A marketer that only uses sales promotions to create customer awareness of its products would be just as effective as one who used all the elements of the marketing mix. a. Which of the following statements about sales estimates is correct? John Smith. Term. C. Sales promotion agencies are being used to develop long and short-term promotional strategies as well as for tactical implementation. Share Reply. Personal Selling is a paid communication between two people aimed at one person persuading the other to do something. Which of the following statements is FALSE? Answer: It comes directly to the customer from the manufacturer. b. Generally speaking, "Price" is more important than "Place." Which of the following is NOT a functional benefit. Multiple Choice Expected Returns Are Disclosed In The Notes To The Financial Statements, But Journal Entries Are Not Required. The delivery of Goods & Services from producers to their ultimate consumers or users includes many different activities. A “10 cents off” coupon promotion. Which of the following statements is FALSE … Promotion includes personal selling mass selling and sales promotion Share Reply. Gross profit is recorded by a credit to the Gross Profit account. D.Free samples. 5) Identify the objective of trade promotions. a. Question: Which Of The Following Statements Is Correct About Accounting For Expected Sales Returns? 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