Answer:
B) Cannibalization occurs when the sales of a new brand take away from sales of an existing brand. Whenever a firm sells a new product it must look out for cannibalization. Michael's new mp3 players are cannibalizing the sales of his old players.
Explanation:
Market cannibalization occurs when a company's new product line crowds out the existing market for its current products, rather than expanding the company's market base as originally intended. In other words, rather than appealing to an additional segment of the market, a new product line appeals to the company's current market, reducing the demand for its established products. In this respect, market cannibalization is an instance in which a company's own two product lines compete against one another.
Answer:
D). All of the above statements are correct.
Explanation:
Simulation can be described as the process designed to offer a realistic experience in order to know the actual mechanism of a specific behavior or outcome.
As per the question, 'all the given statements' are asserting true claims with respect to simulation. Simulation is characterized as <u>an effective process for evaluating large and complicated actual-world circumstances as it is a realistic environment to know the truth and actual causes behind those situations</u>. Such situations cannot be assessed truly using the traditional quantitative models of analysis. It is able to provide answers to the questions like 'what-if' as it observes the realistic nature and promotes effective decision-making. It is also <u>employed to investigate the collective effect of specific variables or components to categorize them as important or not-important as it closely observes every aspect</u>. Thus, <u>option D</u> is the correct answer.
Yes, the store brand has more consistent number of chips per cookies
Explanation:
The store brands are the brands that put the owner names on the product and they will sell all their products in a private label and the label will be the own name or the brand name in which the store is given
These products are sold under a single market identity and this is a constant industry in which some of the brands are able to maintain their position themselves and they emerge as premium brands
Hello!
Skilled and professional workers generally receive higher wages than unskilled and semiskilled workers because there are more demand and less offer for this kind of workers.
To be a skilled or professional worker, extensive training and education are needed. To get this kind of training, there are personal investments in time and money that are needed to be made. Not everyone is willing to invest time and money in education, and some people can't do it for personal reasons.
That means that the amount of skilled and professional workers is lower than the number of unskilled ones. When there is reduced offer of a good or service, the price increases. That causes the wages for this kind of worker to be higher.
Have a nice day!
