Answer:
C) a manufacturer who creates tools such as bolts, latches, door handles etc. for left-handed individuals
Explanation:
A niche market is a segment of a market that has a specific target group of consumers, usually due to a highly specific need or interest of those people. On the contrary, mainstream providers cater to the needs of the mass market, a customer base that is not specific and is largely diverse.
Therefore, large-scale manufacturers that have a large range of standardized products are <u>not</u> considered as niche.
In this example, the company producing miscellaneous things tailored for left-handed individuals is highly niche by nature.
Answer:
If the environment changes then the businesses will make products you need in that environment so consumers will buy more of that product because they need it. For example, if it's summer you need new summer clothes so companies will start to make summer clothes so people will buy them instead of winter or fall clothes because of the environment. So businesses are getting money and the consumers are getting what they need or want.
Answer:
The correct answer is letter "D": franchises.
Explanation:
Franchises are business structures in which franchisees access the trademarks and proprietary rights of a franchisor to use its brand name and products in exchange for a fee charged on a regular basis. Franchising avoids a new company spending money on activities related to promoting a new business since the franchisor already has a well-known name in the market.
<em>MacDonald's represents the largest franchise in the U.S. in 2020 according to Franchise Direct.</em>
Answer:
decrease by $56,600 per month
Explanation:
The impact on the net operating income would be shown below:
In the first case,
Sales ( $31 × 16,100 units) = $499,100
Variable expenses ($25 × 16,100 units) = - $402,500
Fixed expenses = - $111,000
Net loss = - $14,400
And, the fixed cost not avoidable cost is $71,000
So, the net income decreased by
= $71,000 - $14,400
= $56,600
if the product A is discontinued
Answer:The part of the life cycle to which the product belongs is that of Maturity.
Explanation:
Since with the established growth, the next stage in the life cycle is Maturity. Businesses at this stage add features that make the product differ from competitors entering the market.
