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Marina CMI [18]
3 years ago
7

You work for a fabric company that sources unique materials from around the world. In the past, you have focused solely on the b

usiness of supplying fashion designers with the fabric they make into dresses. However, you've recently recognized an opportunity to expand the business by supplying stores like Jo-Ann Fabrics that sell sewing and craft goods to consumers who sew at home.
If you pursue this opportunity, in which direction would your company be expanding?
Business
1 answer:
Delicious77 [7]3 years ago
7 0

Answer:

Reseller Market

Explanation:

If a fabric company that sources unique materials from around the world,  in the past, was focused solely on the business of <u>supplying fashion designers with the fabric they make into dresses</u>; and later took the opportunity to expand the business by <u>supplying stores that sell </u>sewing and craft goods to consumers who sew at home.  Therefore the company is expanding from commercial market into reseller market.

The reseller market are buyers <u>who purchase with the intent of selling those products to others.</u>  while the commercial market <u>is the sale of products and services to end users </u>

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In the u.s. economy today, real gdp per person, compared with its level in 1900, is about:
Viefleur [7K]
It is about eight times high.  Gross domestic product is the monetary measure of all goods and services produced by a country within a given period of time. It is an important measure of an economy of a given state or nation. There are two types of GDP , that is the nominal GDP and the real GDP. Real GDP is the total income of everyone in the economy adjusted for the level of base year prices.
7 0
4 years ago
Bob and Rob have started a food delivery business together called Grub Galore in their college town. They have not incorporated
Neko [114]

Answer:

Partnership Business

Explanation:

Partnership business is a business enterprise owned, managed and financed by a minimum of two individuals for the purpose of making profit.

Grub Galore is owned by Bob and Rob which makes it a partnership business.

Advantages

1) Profit is shared by partners only.

2) It is financed by more than one person which makes capital more available.

3) Decision making is faster company to limited liability companies

Disadvantages

1) Loss is shared among partners only.

2) Death of one partner might lead to the end of the business.

3) Disagreement between partners might end the business.

5 0
3 years ago
California Closets is a maker of closet organizers and custom storage solutions. Its products are designed for people who live i
Sonja [21]

Answer:

rfg

Explanation:

8 0
4 years ago
Harry was unable to complete a task assigned to him by his superior. He also refused to work overtime. Consequently, Harry's sup
Reptile [31]

Answer:

traditional work group

Explanation:

Based on the scenario being described within the question it can be said that this scenario illustrates that Harry is part of a traditional work group. This refers to a group that is made up of more than one individual who all work together in order to achieve a certain company goal. Since Harry has not been putting his part within the work group he was slowing down progress and this is why he was fired.

7 0
4 years ago
Gladstone Co. has expected sales of $360,000 for the upcoming month and its monthly break even sales are $342,500. What is the m
antoniya [11.8K]

Answer:

4.86%

Explanation:

Given that

Expected sales = $360,000

Break-even sales = $342,500

The computation of the margin of safety is shown below:-

Margin of safety (in percent) = (Expected sales - Break-even sales) ÷ Expected sales

= ($360,000 - $342,500) ÷ $360,000

= $17500 ÷ $360,000

= 4.86%

Therefore, for computing the margin of safety we simply deduct break even sales from expected sales and after result we divide with expected sales.

3 0
3 years ago
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