Answer:
C, first mover
Explanation:
A first mover is the first entrant to a particular market. That is, the first to start the manufacture of a certain product.
A first mover strategy is a strategy that allows a firm have control of a market as well as gain competitive advantage. It also helps to give an almost monopolistic control of the market as it can dictate the prices of the product in the market.
Cheers.
Answer:
$201,700
Explanation:
The budget production for May is 5000 units.
The total materials required for May will be no. of units multiplied by materials needed for each unit
=5000 x 3
=15000 pounds of materials
Materials required for June
=60% of (4400x 3)
= 60/100 x 13200
=7920 pounds of material
Total materials needed for May
= 15,000+7,920
=22,920 pounds
Purchases required will be
=22,920 - 2,750
=20170
Purchases in dollar value =20170 x $10
=$201,700
The questions to be answered before making a purchase are
the following;
<span>·
</span>What problems are most likely to happen? – an individual
should think of the problems that may arise based on his or her decisions
<span>·
</span>What could go wrong? – the individual should not
only be concerned with the purchase but what might happen after
<span>·
</span>What problems could be most damaging? – choices are
made available and to think about in order to think whether your choices could
cause problems or harm
Answer: brand extension
Explanation: In simple words, brand extension refers to the process in which a producer use the brand name or trademark of a well known firm on some new product with the objective of increasing sales.
Usually, in such cases the firm giving their trade mark or brand name take share in profit in the form of royalty. Thus, in the given case the strategy used by Bic of introducing perfume with an existing brand name is an example of brand extension.
