A) Sales promotion is the only promotional element that is not regulated. C. Sales promotion agencies are being used to develop long and short-term promotional strategies as well as for tactical implementation. a. 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 . (4) 114. A company sells $10,000 of goods. C.Trade show exhibits. Generally speaking, "Price" is more important than "Place." 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. These different activities are known as marketing. A “10 cents off” coupon promotion. E.A wholly new kind of ad. Answer: sales promotion: 3) Which of the following is almost always the measure of effectiveness of a sales promotion? Gross profit is recorded by a credit to the Gross Profit account. The delivery of Goods & Services from producers to their ultimate consumers or users includes many different activities. John Smith. Which of the following is NOT a functional benefit. 113. Gross profit = Net sales − Cost of goods sold. Which of the following is not a step in the strategic planning process? ... None of these answers are correct. Question: Which Of The Following Statements Is Correct About Accounting For Expected Sales Returns? Which of the following statements is FALSE … Express warranties cannot be based on statements made in the seller's promotional materials. Term. (Select all that apply) Correct Answer Coupons Samples and demonstrations Store displays Which of the following are typical objectives of promotion? 22 INCORRECT Which of the following statements about sales promotion is true? Answer: C. Trade show exhibits. Which of the following statements about gross profit is correct? c. Multiple Choice Expected Returns Are Disclosed In The Notes To The Financial Statements, But Journal Entries Are Not Required. D.Free samples. Which of the following statements is the most correct statement? 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. Which of the following statements is FALSE? Answered Jan 19, 2017. Promotion includes personal selling mass selling and sales promotion Share Reply. 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. Multiple Choice. If the gross profit percentage is 32%, net income would be $3,200. Which of the following statements about sales estimates is correct? Market potential places absolute limits on company sales potential. b. Sales Promotions involves all marketing activities (other than advertising, PR, or personal selling) aimed at stimulating consumer purchasing—usually a short-term tool. D. Sales promotion agencies are being selected and evaluated on the basis of formal reviews. Consumers who take part in sales promotions receive utilitarian, or functional, benefits. Under the Sales Article of the UCC, which of the following statements is correct regarding the creation of express warranties? E. All of the above statements about the changing role of sales promotion agencies are true. Ans. 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