Marketing department are responsible to get customers by interacting with them . They identify potential customers and provide them with the details of the company and try to make a business deal with those companies. They are responsible for providing costs and all the cost related discussion. Once the agreement is signed the business is handed over to sales people who are responsible for taking orders, doing follow up and ensuring that the business is going in a smooth manner. Hence both marketing and sales are different and have different functions.
Consider a company where marketing and sales are two different departments. Their customers are other businesses....
The Long Term Care Plus Company has two service departments — actuarial and premium rating, and two operations departments — marketing and sales. The distribution of each service department's efforts to the other departments is shown below: FROM TO Actuarial Rating Marketing Sales Actuarial 0% 40% 20% 40% Rating 25% 0% 45% 35% The direct operating costs of the departments (including both variable and fixed costs) were as follows: Actuarial $60,000 Premium Rating $40,000 Marketing $60,000 Sales $70,000 Determine...
Do you know anyone in sales? How about anyone who owns their own business (then they HAVE to be in sales)? What kind of training have they had? Take a look at ONE of the network marketing businesses (Amway, Quixtar, Herbal Life, Pampered Chef, etc) and use the companies' web sites to get more information on their sales process, sales force structure and how the company recruits and trains it's salespeople, then share it with the class. Do they do...
The Long Term Care Plus Company has two service departments — actuarial and premium rating, and two operations departments — marketing and sales. The distribution of each service department's efforts to the other departments is shown below:ActuarialRatingMarketingSalesActuarial0%10%10%80%Rating10%0%30.0860.0%The direct operating costs of the departments (including both variable and fixed costs) were as follows:Actuarial$100,000Premium Rating$50,000Marketing$55,000Sales$73,000The total cost accumulated in the sales department using the reciprocal method is (calculate all ratios and percentages to 4 decimal places, for example 33.3333\%, and round all...
The Long Term Care Plus Company has two service departments — actuarial and premium rating, and two operations departments — marketing and sales. The distribution of each service department's efforts to the other departments is shown below: FROM TO Actuarial Rating Marketing Sales Actuarial 0 % 40 % 20 % 40 % Rating 25 % 0 % 37.5 % 37.5 % The direct operating costs of the departments (including both variable and fixed costs) were as follows: Actuarial $ 65,000...
The Long Term Care Plus Company has two service departments — actuarial and premium rating, and two operations departments — marketing and sales. The distribution of each service department's efforts to the other departments is shown below:FROMTOActuarialRatingMarketingSalesActuarial0%40%20%40%Rating25%0%37.5%37.5%The direct operating costs of the departments (including both variable and fixed costs) were as follows:Actuarial$60,000Premium Rating$40,000Marketing$60,000Sales$70,000The total cost accumulated in the sales department using the reciprocal method is (calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all...
The Long Term Care Plus Company has two service departments — actuarial and premium rating, and two operations departments — marketing and sales. The distribution of each service department's efforts to the other departments is shown below: FROM TO Actuarial Rating Marketing Sales Actuarial 0 % 40 % 20 % 40 % Rating 25 % 0 % 37.5 % 37.5 % The direct operating costs of the departments (including both variable and fixed costs) were as follows: Actuarial $ 78,000...
HomeLife Life Insurance Company has two service departments (actuarial and premium rating) and two production departments (advertising and sales). The distribution of each service department's efforts in percentages) to the other departments is shown in the following table: From Actuarial Premium To Actuarial Premium Rating Advertising 80 % 15% 25 % 15 Sales 5% 60 The direct operating costs of the departments (including both variable and fixed costs) are: Actuarial Premium rating Advertising Sales $ 84,000 19,000 64,000 44,000 Required:...
HomeLife Life Insurance Company has two service departments (actuarial and premium rating) and two production departments (advertising and sales). The distribution of each service department's efforts (in percentages) to the other departments is shown in the following table: Premiumm ng Sales rom Actuarial- Premium 20% - 75% 10% 20 15% 60 The direct operating costs of the departments (including both variable and fixed costs) are: Actuarial Premium rating Advertising Sales S88,000 23,000 68,000 48,000 Required 1. Determine the totail cost...
Sasha Company allocates the estimated Tk. 1,95,000 of its accounting department costs to its production and sales departments since the accounting department supports the other two departments. The costs will be allocated based on the number of employees.Employee of accounting department (4), production department (28) and sales department (15).
HomeLife Life Insurance Company has two service departments (actuarial and premium rating) and two production departments (advertising and sales). The distribution of each service department's efforts in percentages) to the other departments is shown in the following table: From Actuarial Premium To Actuarial Premium Rating Advertising 80 % 15% 25 % 15 Sales 5% 60 The direct operating costs of the departments (including both variable and fixed costs) are: Actuarial Premium rating Advertising Sales $84,000 19,000 64,000 44,000 Required: 1....