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Klio2033 [76]
3 years ago
7

Today, money comes in many different forms. When you go to purchase something at a store, you pay money in the form of cash, a c

heck, a credit card, or a debit card. Some people even have payment apps on their smartphones.
Now imagine paying for a pizza with seeds ... yes, seeds. What if everything was paid for by using seeds? How would this change the world we live in?

In Holland during the 1600s, tulip bulbs were very valuable. So valuable, in fact, that they were sometimes used as money. Try to imagine a tulip bulb, the seed of a tulip, being worth 4,000 gold pieces. During this time in history, tulip bulbs in Holland were more valuable than some homes. From our modern perspective, this sounds ridiculous. However, it is true.

Identify at least three potential problems with using tulips as a form of currency.
Business
1 answer:
seropon [69]3 years ago
7 0

Answer:

The Tulip Mania in Holland went to a economic collapse in the value of Tulip bulbs in 1637. Stating this, even though, it didn't affect the Dutch economy at the time, since the Dutch Republic was the leading economy in the 17th century. Stating this, if Holland was did not possess financial stability, the following potential problems might occur:

1. The entire Dutch Republic might go into a depression, making every form of  consumable and necessities inflated and money invaluable.

2. Might lead to a higher rate of unemployment, consequently resulting in other harmful factors like death.

3. Lastly, stating all of this, it would push back development for the Dutch and slow down progression.

Explanation:

I tried my best :)

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New balance, inc. , successfully repositioned its athletic shoes to focus on fit, durability, and comfort rather than competing
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<h3>What is competitive positioning?</h3>

Competitive positioning is offering and creating value for your customers and brand in the market.

The following four competitive positions can be assumed by an entity, depending on the adopted market strategies:

  • Market leadership
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  • Market followership
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<h3>Answer Options:</h3>

A. react to a competitor's position

B. reach a new target market segment

C. catch a rising trend

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E. accommodate its target audience's preference for comfortable sneakers

Thus, New Balance, Inc. is likely reacting to <u>Option A</u>.

Learn more about market positioning at brainly.com/question/25165063

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Explanation:

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It would also be important that advertising communication be carried out in colleges, through advertising on student radio or as a sponsor of sports games.

If the product is well aimed at meeting the needs of university students and has a positive response, in the future it can grow and be consumed by other students and thus become a product of value for young people.

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Answer:

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Depreciation distributes the cost and cost over the useful life of the assets of tangible and real assets. A business could depreciate an asset over a period of up to thirty years, depending on the type of asset it is. There are many depreciation methods but, among the most common we can find the <em>Straight-line method, the Double Declining Balance method</em>, and <em>the Units of Production method</em>. As long as the estimated life of the asset and its residual value is high, the amount filed for the depreciation will be lower.

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