Answer: A) several substitutes; necessity; loyal Coca-Cola customers
Explanation:
SEVERAL SUBSTITUTES
Substitute goods are goods that are similar and so can be used in place of the other. Generally when the price of a good with a substitute increases, people switch to their substitutes if their price remain the same. The demand for vanilla coke dropped when it's prices rose signifying that people switched to the substitutes.
NECESSITY GOODS
These are also known as normal goods and increase in relation to income. That is if income increases, they increase as well but at a lower rate. Since we are assuming that the income of coke loyalists did not change but rather the prices rose and the demand reduced at a rate less than the increase in price we can safely assume that vanilla coke is a necessary good to Coca-Cola loyalists.
LOYAL COCA-COLA CUSTOMERS
Because the reduction in demand for Vanilla coke amongst Coca-Cola loyalists is less than the increase in price as opposed to the general public where the reduction in demand is more than the increase in price, we can say that an increase in total revenue is only coming from the loyal coke customers.
If this is a true/false question, the answer is FALSE. Usually creating an international division comes after some time and the international ventures have gotten a foothold in the respective country.
A T account is a graphical representation of a ledger account. A ledger account is a set financial account.
(A ledger can also be interpreted as a collection of t accs)
Answer:
Exclusive distribution; Selective distribution; Intensive distribution
Explanation:
Exclusive distribution refers to the phenomenon where only certain retailers are given the opportunity to carry the product in their retailer shops. For example as in the above case, only one store is exclusively chosen.
Selective distribution is that retailers are carefully selected to engage in the product of selling. For example only a few stores are engaged with in the above question.
Intensive distribution is when all kind of retailers are given the opportunity to keep the products in their shops. For example the last phase described in the question where all sorts of retailers are engaged in selling activity.
Answer:
The production department is the unit tasked with ensuring that the business has a continuous flow of merchandise inventory. As selling activities are continuous, the production unit must keep up the pace by ensuring there is sufficient inventory for the sales team to sell.
