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Elis [28]
3 years ago
13

Mauve starts a business that specializes in procuring and selling antique items. Her business caters specifically to individuals

who have high-income jobs and who like collecting unique artifacts. Mauve does not have much competition and can decide the prices of her products without any external influence. The opportunity of _____ is highlighted in the given scenario.
Business
1 answer:
stepan [7]3 years ago
6 0

Answer:

The opportunity of exploiting market niches is highlighted in the given scenario.

Explanation:

A market niche is "a small but profitable segment of a market suitable for focused attention by a marketer. Market niches do not exist by themselves, but are created by identifying needs or wants that are not being addressed by competitors, and by offering products that satisfy them. See also market segmentation. "

Reference: WebFinance Inc. “What Is Market Niche? Definition and Meaning.” BusinessDictionary.com, 2019

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Before, during, and after a sale, a selling strategy must focus on
Alenkasestr [34]
<span>Before, during, and after a sale, a selling strategy must focus on meeting a customers needs.

It is important when you are trying to sell a product or service to someone, that they see the benefits themselves. As a sales person your job is to make sure the product you have is meeting the customers needs fully because if they don't see that, they won't make the purchase. As a customer, whenever I buy a product I run down a list of ways it will benefit me or why I need it. 
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4 0
3 years ago
Prepare journal entries to record the following merchandising transactions of Cabela's, which uses the perpetual inventory syste
inessss [21]

Answer:

The journal entries are recorded below;

Explanation:

July 1.

1. Inventory   Dr.$6,700

  Accounts Payable Cr.$6,700

2. A/R Creek Co.    Dr.$950

   Sales Revenue   Cr.$950

Cost of Goods Sold Dr.$558

Inventory                  Cr.$558

3. inventory   Dr.$125

   Cash          cr.$125

8.  Cash          Dr.$2,400

     Sales Revenue Cr.$2,400

Cost of Goods Sold    Dr.$2,000

Inventory                     Cr.$2,000

9. Inventory      Dr.$2,400

  Accounts Payable-Leight Co   Cr.$2,400

11. Accounts Payable Dr.$400

 Inventory                 Cr.$400

12. Cash                  Dr.$931

    Discount Allowed Dr.$19

    A/R CreekCo.         Cr.$950

16.  Accounts Payable   Dr.$6,700

     Bank                            Cr.$6,566

    Inventory                      Cr.$  134

19. A/R Art Co       Dr.$1,200

    Sales Revenue  Cr.$1,200

Cost of Goods Sold   Dr.$800

Inventory                    Cr.$800

21. Allowance on Goods Dr.$200

   A/R Art Co.                   Cr.$200

24.  Accounts Payable     Dr.$2,400

      Bank                            Cr.$2,352

      Inventory                     Cr.$48

30.   Bank     Dr.$1,000

       A/R Art Co.(1,200-200)  Cr.$1,000

31. A/R Creek Co.   Dr.$6,900

    Sales Revenue   Cr.$6,900

Cost of Goods Sold    Dr.$5,500

Inventory                    Cr.$5,500      

7 0
3 years ago
Read 2 more answers
If a family spends its entire budget in a given time frame, the family can afford either 80 cans of beans or 35 frozen pizzas. A
Fofino [41]

Answer:

7/16

Explanation:

Opportunity cost is the cost of the alternative forgone. It is also called the real cost. It is a concept in economics developed due to the fact that wants are unlimited but the resources available to meet the wants are limited. Hence a scale of preference would be drawn up for the wants in order of importance.

If the family can afford either 80 cans of beans or 35 frozen pizzas, the cost of a can of beans in terms of frozen pizza is 35/80 frozen pizza while the cost of a unit of frozen pizza in terms of beans is 80/35.

As such, the opportunity cost of one can of beans in terms of frozen pizza is 35/80 which is 7/16 in the lowest term

6 0
3 years ago
Silway travels organizes tours to a number of cities in illinois. the manager of the company examines a spreadsheet which is an
Andrei [34K]

The answer to the blank space is data.

The contents of the spreadsheet are the annual record of airfares to different cities from Chicago. This is what we call data – which are facts or statistics collected together for reference or analysis. Since Silway Travels plans to use the annual record information to contrast airfares during peak and off-season, it is clear that the data in this case would be used for analysis.

6 0
3 years ago
In 1919, henry ford was sued because:
Lostsunrise [7]
The appropriate response is A. Henry Ford also then sued the Chicago Tribune for criticizing the grounds that it called him an uninformed revolutionary. In court, the guard lawyer has chosen to show Ford's obliviousness and absence of patriotism by posting essential American history inquiries. The vehicle head honcho reliably missed these inquiries, and court transcripts of his nonsense wound up plainly well known perusing at the time.
8 0
3 years ago
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