Answer:
A. Choiceboard.
Explanation:
An interactive, Internet-enabled system that allows individual customers to design their own products by answering a few questions and choosing from a menu of product or service attributes, prices, and delivery options, is referred to as a choiceboard.
Answer:
The Best 5 Reasons For Businesses to Extend Credit
Additional Cash Flow. If customers can put off payment without consequences, they will. ...
Additional Sales
Additional sales will come in the form of customers spending more money on your products and services. ...
Higher Customer Loyalty. ...
Leverage During Negotiations. ...
Simple Technique For Extending Credit.
When selling on credit, there is a chance that the customer may go bankrupt and fail to pay you. The company will lose revenue. The company will also have to write off the debt as bad debt
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Answer:
<u>Planned obsolescence.</u>
Explanation:
Planned obsolescence is a strategy used by companies whose goal is to ensure the outdated product and the release of an updated version of the product to arouse the interest of consumers and consequently an increase in demand for the product with greater functionality.
There are several market sectors that use the planned obsolescence strategy, which can be noticed in technology companies, which require more frequent product replacements (smarthphones, computers, tablets ...) due to the wear and tear of physical components and operating system upgrades. generally requires larger features less compatible with previous hardware.
Therefore, despite a widely used strategy, it is ideal for organizations to analyze the implementation of planned obsolescence so as not to be misunderstood by consumers when improvements and upgrades are insufficient to replace the product with a newer one.
Answer:
Option "B" is the correct answer to the following question.
Explanation:
Price-setters is a community or individual, who set a fair price for a particular commodity or product, these types of Individual or community has a higher quality of goods or product that gave him the ability to set his prices.
Other firms are called price taker who depend on the market price
Price-setters firms use a pricing approach.
Answer:
A viable opportunity, available resources and a qualified and motivated founding team.
Explanation:
An entrepreneur can be described as an individual who creates a new business and also undergoes the different financial risks that are associated with a business operation. An entrepreneur should be creative, smart and a problem solver inorder to be able to succeed in the business world.
A successful enterpreneur must possess the ability to turn different ideas and knowledge into a viable business opportunity. The individual must also have access to an amount of money(capital) that is required to start up the business. There must also include a motivated team of workers willing to work with the individual inorder to achieve a specific goal.
