Do jewelers have a tough time re-selling the jewelery bought from customers?

1 Answer

Answer :

In most cases jewelers buy pieces for much less than retail value. This allows the jeweler to make a good profit on a piece.

Related questions

Description : Does anyone know an order catalog that I can purchase real gold jewelery from that allows you to make low monthly payments?

Last Answer : You could get a charge account at Macy’s and buy jewelry from them, or go to a local jeweler and put jewelry on layaway if you can’t afford to buy it outright.

Description : What is the oldest known jewelery thought to be made from?

Last Answer : the oldest knows jewelry that has been found so far is usually consist of beads, this been found on israel and are approximately 100,000 to 135,000 years old.

Description : People in service jobs (restaurants, hotels, jewelers, florists, etc.) what are your Valentine's Day anecdotes?

Last Answer : A man came in to buy lingerie for both his wife and mistress.

Description : Is zales jewelers gold overpriced?

Last Answer : Need answer

Description : What is the song on the kay jewelers interwoven commercial on Pandora?

Last Answer : Need answer

Description : Can jewelers easily tell the difference between zirconia and real diamonds?

Last Answer : Most jewelers can tell the difference between zirconia and real diamonds right away.

Description : How do jewelers use math in their careers?

Last Answer : They use math in weight conversions and measurements.

Description : Re. United airlines latest news, what is the difference between overbooked plane and customers on standby?

Last Answer : Standby passenger does not have a seat. Overbooked means the Airlines has 100 seats on the plane and has SOLD 108 tickets. Case most recently with United Airlines is they sold ticket equal to seats BUT had 4 members of a crew that needed to get to an airport to be crew on a plane.

Description : Direct-marketing programs create ______ A. One-to-one contacts with customers B. Frequency programs C. Re-analysis of databases D. New mass media messages

Last Answer : A. One-to-one contacts with customers

Description : Help! Damaged iTunes library, so apps I bought disappeared, and iTunes won't let me re-download them?

Last Answer : (The apps are not listed in iTunes at all—in other words, there is now nothing inside the Applications area of iTunes on my desktop. Before the damaged library there were dozens there, including my two paid apps.)

Description : Customer Awareness Reports: a. each company’s level of accessibility. b. percentage of Customers who bought the product. c. percentage of Customers who knew about the product. d. percentage of Customers who are in that segment. e. each company’s success in pricing.

Last Answer : c. percentage of Customers who knew about the product.

Description : Are there any good cattle selling companies in texas that provide complimentary services when we buy cattle from them it will really great for the customers?

Last Answer : As I Know, Kocurek Cattle Company in Texas provides complimentary cattle services, like Clipping and Fitting, Halter Breaking, Feeding and Coaching, and show support. 

Description : Personal selling includes– (A) Selling (B) Services to the customers (C) Developing goodwill of the firm (D) All of the above

Last Answer : Answer: All of the above

Description : The technique of increasing sales of present or existing products in present or existing markets by selling more to present customers or gaining new customers is called a) Market Development b) Market Segmentation c) Market Penetration d) None of the above.

Last Answer : c) Market Penetration

Description : Switching costs refer to the: A. Cost to a producer to exchange equipment in a facility when new technologies emerge. B. Cost of changing the firm’s strategic group. C. Costs suppliers incur when selling to a different customer. D. Costs customers incur when buying from a different supplier.

Last Answer : Costs customers incur when buying from a different supplier.

Description : Switching costs refer to the: A. Cost to a producer to exchange equipment in a facility when new technologies emerge. B. Cost of changing the firm’s strategic group. C. Costs suppliers incur when selling to a different customer. D. Costs customers incur when buying from a different supplier.

Last Answer : Costs customers incur when buying from a different supplier.

Description : Cross Selling means ? 1. Identifying customer needs 2. matching the products to customer needs 3. convincing the customers of product benefits 4. responding to questions and objections of customers 5. all of these

Last Answer : all of these

Description : Difference between marketing and selling is ________ a) Marketing focus on customer and selling focus on seller b) Marketing practices integrated approach and selling practices fragmented approach c) Marketing converts customer's need into ... 3. b and d 4. all a, b, c and d 5. None of these

Last Answer : all a, b, c and d

Description : Process or methodology used to learn more about customers' needs and behaviors is ? 1. Selling process 2. Customer relationship management 3. Believing in customer 4. Customer facing 5. None of these

Last Answer : Customer relationship management

Description : The primary advantage of automatic vending as a form of retailing is that : 1. it provides continuous service to customers 2. it eliminates the need for sales personnel 3. vending machines require little maintenance 4. it offers low cost, personal method of selling 5. none of these

Last Answer : it eliminates the need for sales personnel

Description : Cross selling means 1. Identifying customer needs 2. matching the products to customer needs 3. convincing the customers of product benefits 4. responding to questions and objections of customers 5. none of these

Last Answer : none of these

Description : Personal selling tries to achieve three general goals : finding prospects, convincing prospects to buy, and 1. monitoring new products being developed 2. being aware of competitors' sales activities 3. depending on one-sale customers 4. avoiding repeat sales 5. keeping customers satisfied

Last Answer : keeping customers satisfied

Description : An attribute of a product that is desired by customers in a target marekt and which competing products cannot match is termed ________________ 1. a strength 2. a differential advantage 3. a selling point 4. a benefit 5. none of these

Last Answer : a differential advantage

Description : Cross - Selling means ? 1. Selling with a cross face 2. Selling to Red Cross members 3. Selling to Blue cross members 4. Selling across countries 5. Selling other products to existing customers

Last Answer : Selling other products to existing customers

Description : Which of the following could be defined as a multinational company? A. A firm that owns shares in a foreign company but does not participate in the company's decision making. B. A UK based internet ... origin. D. A finance company transferring its HQ and all its activities from the UK to the US.

Last Answer : A firm owning a chain of supermarket outlets outside its country of origin.

Description : Freight costs paid by a seller on merchandise sold to customers will cause an increase a. in the selling expense of the buyer. b. in operating expenses for the seller. c. to the cost of goods sold of the seller

Last Answer : b. in operating expenses for the seller.

Description : Promotional mix strategy in which advertisement and promotions are made to final customers to induce them to buy products is classified as A. pull strategy B. moral selling strategy C. rational selling strategy D. push strategy

Last Answer : A. pull strategy

Description : Promotion strategy in which producers promotes goods to final customers by using sales force is classified as A. rational selling strategy B. push strategy C. pull strategy D. moral selling strategy

Last Answer : B. push strategy

Description : The difference between transactional selling and relationship selling is A. In transaction, selling buyers must pay cash B. In relationship selling, buyers and sellers must be related C. In ... to their customers e. In transaction selling, the transaction is the beginning of a relationship

Last Answer : D. In relationship selling, sellers work to provide value to their customers e. In transaction selling, the transaction is the beginning of a relationship

Description : The way in which the product is delivered to meet the customer’s need refers to: - A. New product concepts B. Selling C. Advertising D. Distribution decisions

Last Answer : C. Advertising

Description : The way in which the product is delivered to meet the customer’s need refers to: - A. New product concepts B. Selling C. Advertising D. Place or distribution decisions

Last Answer : D. Place or distribution decisions

Description : Walton Food Products decided to use agents to reach industrial accounts several years ago. Logically, this decision was based on which one of the following? A)Steady demand for the firm's ... C)Walton's desire to reduce selling costs D)The willingness of agents to provide market information

Last Answer : C)Walton's desire to reduce selling costs

Description : Assisting the producer's customers in selling to their own customers is the major purpose of which type of salesperson? A)Trade salesperson B)Technical salesperson C)Missionary salesperson D)Order getter E)Order taker

Last Answer : C)Missionary salesperson

Description : The step or stage of the personal selling process in which the salesperson attempts to make a favorable impression, gather information about the customer's needs and objectives, and build rapport ... called A)prospecting. B)preapproach. C)approach. D)making the presentation. E)overcoming objections.

Last Answer : C)approach.

Description : Advertising that encourages consumers to send in cards for additional information aids salespersons in achieving which goal of personal selling? A)Convincing prospects to buy B)Finding prospects C)Keeping customers satisfied D)Making the presentation E)Following up the sale

Last Answer : B)Finding prospect

Description : Personal selling tries to achieve three general goals: finding prospects, convincing prospects to buy, and A)monitoring new products being developed. B)being aware of competitors' sales activities. C)depending on one -sale customers. D)avoiding repeat sales. E)keeping customers satisfied.

Last Answer : E)keeping customers satisfied.

Description : If a company's customers are concentrated in a small geographic area and the company sells technical products, which promotion method will it most likely use? A)Advertising B)Publicity C)Personal selling D)Sales promotion

Last Answer : C)Personal selling

Description : The primary advantage of automatic vending as a form of retailing is that: A)it provides continuous service to customers. B)it eliminates the need for sales personnel. C)vending machines require little maintenance. D)it offers a low cost, personal method of selling.

Last Answer : B)it eliminates the need for sales personnel.

Description : ___________ provide a convenient and effective method of selling small items to customers in remote areas that other wholesalers might find unprofitable to serve. A)Mail -order wholesalers B)Specialty -line wholesalers C)Cash -and -carry wholesalers D)Truck wholesalers E)Desk jobbers

Last Answer : A)Mail -order wholesalers

Description : Legal and General Insurance uses "the umbrella" to communicate protection to its customers. This illustrates the company's attempt to help customers understand the service by: A) ... utilising publicity techniques to enhance the service. D)distributing the service directly through television.

Last Answer : A)emphasising tangible cues in promoting the service.

Description : An attribute of a product that is desired by customers in a target market and which competing products cannot match is termed ____________ A)a strength B)a differential advantage C)a selling point D)a benefit

Last Answer : B)a differential advantage

Description : Nithish bought two purses which together cost him Rs.440. He sold one of the purse at a loss of 20% and the other one at a gain of 40%. The selling price of both purse are same. Then find out the cost price of both ... Rs.140 and Rs.300 c) Rs.170 and Rs.270 d) Rs.160 and Rs.280 e) None of the Above

Last Answer : 80/100 * x = 140/100 * y x = 7/4y x + y = 440 7/4 y + y = 440 y = 160 ; x = 280 Answer: d)

Description : A grocer bought two kinds of rice at Rs. 38 and Rs. 32 per kg respectively. In what ratio should these two be mixed, so that by selling the mixture at Rs.42.5 per kg, 25% may be gained? a) 2:1 b) 3:2 c) 3:4 d) 1:2

Last Answer : d) 1:2

Description : Helen went to a mall and then she bought earings at Rs 120 per dozen. The selling price of hundred earings so as to gain 30% will be(in Rs)? 

Last Answer : 12 earings cost= 120per dozen 1 earing cost= 120/12 = Rs. 10 sp CP of 100 earings = 100* 10 = Rs 1000 so SP= Rs x from question, SP-CP/CP* 100 =profit % (x-1000)/1000*100= 30 300=x-1000 x=Rs1300

Description : Rahim is dealer of magnetic components. He imports the components from Russia. Rahim sells a radio valve at profit of 20%. If he bought it at 20% less and sold it for Rs 5 less than the previous selling price, he would have gained 25%. Find the cost price?

Last Answer : 25

Description : If novels bought at prices ranging from Rs 300 to Rs 470 are sold at prices ranging from Rs 400 to Rs 520, what is the greatest possible profit that might be made in selling 12 books? 

Last Answer : least cost price= 300*12 =3600 greatest sold price= 520 *12= 6240 profit required= 6240-3600=Rs 2640

Description : A shopkeeper announced 35% discount on an item. A customer bought the item from the shop for Rs. 21000 after getting discount. That person sells the item to another person in such a way that he earned a profit of 32% on the original price. What is the selling price for the another person?

Last Answer : Let original price=x X*65/100=21000 X=21000*100/65=32307.6Rs. SP=32307.6*132/100=Rs.42646.15

Description : Have you ever had a tough time forgiving yourself for your actions from the past?

Last Answer : Of course. Even after the person I hurt forgave me, I still can't forgive myself. I still think about how stupid I was and wish I could take my actions back. I am very thankful though. and ... curb the bad feelings that come from my actions. There is nothing good that comes from living in the past.

Description : What picks you up when life is giving you a tough time?

Last Answer : answer:It would have to be my friends - people you can truly be yourself with, so if you've had a bad day, you can spend the evening with them, being allowed to let of steam at first, then ... it doesn't tend to move beyond the letting off steam part. Losing myself on here is quite nice too

Description : Whats your advice to someone going through a tough time ?

Last Answer : Utilise your support network.