.Assume you work at a distribution company and your boss tells you: The way things...
80.2K
Verified Solution
Link Copied!
Question
Accounting
.Assume you work at a distribution company and your boss tells you: The way things are going, our sales this quarter are going to fall short of those estimated by Wall Street analysts, this will have a negative impact on the price of our stock. He then asks: Do you think we should run a promotion offering our customers a special price reduction for orders placed by the end of the quarter?" Your boss adds: "Certainly this would encourage customers to place orders, increasing our sales above the analysts' expectations. We beat our numbers while doing no wrong!" Comment on what you would reply to your boss. Also comment on what your reaction would be as a shareholder of the company if you found out that this took place.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
