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What is the difference between marketing potential and sales potentials?
Marketing Potential is the total amount of product customers will purchase in a specified period and Sales potential is the maximum percentage of market share a firm can expect for a product. In other words market potential is the total market value of your product and sales potential is the percent of the market your product can take over
What if your company sells twenty five different products you've been ask to write a pseudo code that will display the no of products whose sales are above the average sales value?
First you need to work out the average sales value. For that you need to know the sale price of each of the 25 products and the total number of each product sold. Multiply the sale value by the number sold, then add all 25 totals together. Divide the total value of the sales by the total number of sales to get the average sales value. From that you can determine which of the 25 product lines have a selling price greater than the average selling price. Then simply add the total number of sales from each of those product lines. For a simplified example, consider the following five products: Product #1 #2 #3 #4 #5 Selling price $1.00 $2.00 $1.50 $3.00 $2.50 Quantity sold 50 40 10 1 4 Total $50.00 $80.00 $15.00 $3.00 $10.00 From this we can see the total sales value was $50 + $80 + $15 + $3 + $10 which is £158.00. The quantity total is 50 + 40 + 10 + 1 + 4 which is 105. So the average sales value is $158 / 105 = $1.50 The products with a sales value greater than $1.50 are #2, #4 and #5, with sales of 40, 1 and 4 respectively. Therefore there were 40 + 1 + 4 = 45 sales above the average sales value.
What is the total value of a product?
The total value of a product includes installing, maintenance and materials used in the creation of the product. It is the total value when making a final purchase.
What is the difference between a gross sales value and gross development value?
gross sales value is the cost incurred for making the product available in market where as gross developmental value is the marginal value of a product which is already on market for sale.development value is similar to that of value added tax ,where tax is levied on the additional/marginal value added by the seller to sell the product and boost sales for higher profit.
How do you sales talk?
Sales talk involves using words to paint a desirable picture of the product he is selling. The pitch also includes demonstrating the value that a product has.
What is joint product?
This is a product that has the highest sales value from amongst a group of products that are the result of a joint production process.
What is the total value of sales for rural outlets in under 5000 pounds bracket if the average value of sales per shop is 4300?
249400
How does marketing add value to a product?
Product has 3 parts which is core product, total product and amendment product and marketers add value to total product. Core product comes from manufacturer which is nothing to do with marketing and amendment product means warranty. how do they add vale to total product? it can be packaging, advertising, designing for changing customer behavior.
Which are the components of total customer value?
Product Value Personnel Value Service Value Image Value
What is the sales commission based upon?
The total value of sales made. The commission is a percentage of that amount, paid to the salesman.
How do you calculate sales per labour hour?
You findthe total value of sales,the total number of hours worked by all employees.Then divide the first by the second.
What are the components of the total product conecpt?
The total product concept consists of three main components: the core product, the actual product, and the augmented product. The core product refers to the fundamental benefit or service that fulfills a customer's need. The actual product includes the tangible features, design, brand, and quality that differentiate it from competitors. Finally, the augmented product encompasses additional services or benefits, such as warranties, customer support, and after-sales service, that enhance the overall value proposition.
