Answer: To focus on establishing a brand name.
Explanation:
A brand name is vital for every business as it is the name given by the manufacturer to a product. The brand name is the first step in building a memorable and strong brand. Remnants Perfumes establishing its products as specialty products shows that the company wants to establish it's brand name.
This will help the consumers to easily identify the perfumes and distinguish it from other perfumes in the market and also gives the customers a memorable impression on the product. It also makes the company standout from its competitors.
China and America the largest global business opportunities for the next decade
Answer:
a. Negative
b. Negative
c. No
d. Negative
Explanation:
a. There is a negative relationship between price level and consumption. As the price level increases, the real money income and purchasing power of consumers decline. This causes their consumption spending to decline as well.
b. There is a negative relationship between the price level and investment. A decline in the price level implies that the consumers will need a lesser amount of money. This will cause the demand for money to decrease. The leftward shift in the money demand curve will cause the interest rate to fall. At a lower interest rate, the investment will be higher.
c. There is no direct relationship between the price level and government spending. An increase in government spending will increase aggregate demand. This, in turn, will cause the price level to increase. Though an increase in price level does not essentially cause government spending to increase.
d. A higher price level will make domestic goods expensive as compared to imports. This will cause the imports of goods to increase and exports to decline. So an increase in price will cause the net exports to fall.
Answer: A) people to buy Yoo-hoo in St. Petersburg and sell it in New York until the price was the same in each country
Explanation:
As the Yoo-hoo is cheaper in St. Petersberg than in New York, this presents an arbitrage opportunity to buy cheap and sell higher. People will therefore buy from St.Petersberg at the price of $1 and then sell it in New York for $2 thereby making a 100% profit.
Once this happens more and more people will start doing this which would lead to an increase in demand for St. Peterberg Yoo-Hoos. According to the Law of Demand, when demand rises, the price will rise as well so the price in St. Petersberg will keep rising till it gets to the same amount in New York thereby dissuading people from buying to take advantage of the opportunity.
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