Page 25 - Business-2

Pool Puzzler

Six friends visited their local club to play at a pool tournament.
The competition entry fee was $10 per person. Prize money was
$250 for the winner, $100 for the runner-up, and $50 for third-
place. There were no other prizes. None of the friends won a
single game. There were no disqualifications, and yet the friends
came away collectively $150 in profit from having played. How?

Answer first before turning to page 44 for the answer.

1. You are about to close a very big deal with a prospective client. She is willing to buy 100 units of the product.
However, you need to convince her that your product is the best in the market. You are discussing with her
the features of the product
a. Product name: XPERIA X1
b. Special features: XPERIA panel interface; arc slider design; and 3-inch wide VGA display

Sample answer:
Good morning to you Miss Anderson! I’d like to introduce to you our newest product, XPERIA X1. I can guarantee you that it is the best product
you can find in the market today. XPERIA X1 lets you enjoy the convergence of communication and entertainment. Enjoy access to the Web,
multimedia and applications by simply touching the XPERIA panel interface. Its arc slider design and 3-inch wide VGA display gives it a distinct
and unique look.

2. Your company has already suffered a loss at the introductory stage of your new product. But, you are certain
that it is natural to suffer such deficit and that the company can still recover and even make a big profit out of
it. You are explaining to the rest of the board of directors the following:

a. statistics supporting your claim
b. strategies that will boost the sale of the product

Sample answer:
It’s unfortunate that we weren’t able to hit our expected sales after its first month in the market. But based on these statistics, I am certain that
we can recover and we’ll be able to surpass our target. We just have to be more aggressive in marketing our product. Perhaps getting a popular
actress as an endorser for our product will definitely boost our sales.

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