Merging and milking brands are examples of creating brand extensions.
Brand extension refers to the process in which a firm markets a new product by using its established brand names. It is a way to take advantage of the company’s already established brand equity to increase the market and reach of the new product.
The assumption is that consumer loyalty, familiarity, brand popularity and reputation of the producer will ensure that the product is readily integrated into the market. Product extension can further help in expanding the reach of the product to new markets and consumer base, and increase overall profit margins as a result.
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Answer:
C
Explanation:
Inflation is a persistent rise in general price level
Rise in Inflation rate = 220 / 200 - 1 = 10%
Rise in tuition fees = 115 / 100 - 1 = 15%
From the calculations, the percentage change in tuition fees is higher than the percentage change in inflation rate
Answer:
Tires bought by a driver for her personal use- final good
Memory card bought by a photographer-intermediate good
Lenses bought by a camera manufacturer- intermediate good
Tires bought by a car manufacturer-intermediate good
Explanation:
Since tires are for personal use and not used to produce any other good it will be classified as a final good.
A memory card bought by a photographer will be used in creating new pictures, so it will be categorized as an intermediate good.
Similarly, lenses bought by a camera manufacturer will be used for making cameras and tires bought by a car manufacturer will be used for making cars. So both will be classified as a final good.
Flightline. The Breeders' Cup weekend was all about the 4-year-old colt. The horse won the Breeders' Cup Classic by 814 lengths after going undefeated in six career starts. Flightline was valued at $184 million after owners sold a 2.5% stake in the horse for $4.6 million.
What is Horse Race?
Horse racing, the sport of racing horses at high speeds, primarily Thoroughbreds with a rider astride or Standardbreds pulling a conveyance with a driver.
These two types of racing are known as flat racing and harness racing, respectively.
The article quarter-horse racing describes racing on the flat with horses other than Thoroughbreds.
Horse racing is one of the oldest sports, and its basic concept has changed little over the centuries. It evolved from a simple contest of speed or stamina between two horses to a spectacle involving large fields of runners, sophisticated electronic monitoring equipment, and enormous sums of money, but its fundamental feature has always remained the same: the horse that finishes first wins.
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Answer:
D. Economics does not use theories.
Explanation:
Economics is the study of : limited resource allocation, having alternative uses - to satisfy unlimited wants.
Economics is both a science (empirical science) & art (social science).
Economics has generally accepted rules & laws, based on experimentation - like Empirical Science. Eg: Law of Demand stating inverse relationship between price & quantity demanded.
Economics has subjective application essence to solve economic issues - like Social Science / art. Eg: Contractionary monetary policy (reducing money supply) to solve inflation (high price level)
