The answer is Non-store Retailing.
Automatic vending, direct mail catalogs, tv home shopping, online retailing, telemarketing and direct selling are examples of Non-store Retailing .
What is Non-store Retailing?
- Non-store retailing could be a frame of retailing in which a firm offers its items without a physical retail store/space.
- The firm offers its items by means of online stages and conveys the item to customer’s doorstep.
- Although companies have been doing non-store retailing for the past three or four decades, it rose to noticeable quality during the 21st century.
- In any case, non-store retailing isn't an normal line of trade by any implies.
- Firms these days are exchanging to non-store retailing since of its “unlimited” benefits.
- With the changes in customer’s inclinations, the non-store retailing commerce has developed monstrously amid the 21st century.
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Answer:
Quality assurance team, authorized factories and suppliers
Explanation:
H&M is a renowned fashion brand and it is expected to provide the best quality of products. As mentioned that H&M does not own the factories or the suppliers, then the firm will have to implement strict policies to ensure the quality of the product is maintained. Below are the measures that H&M can take to ensure only a high quality product comes out of the brand:
1. Quality assurance team: is the most needed and crucial department of H&M. This department needs to ensure the product entering and leaving with the name of H&M are able to maintain the standard of the brand. A hired team of professionals with strict instructions need to asses all the products and clear them if they pass the required tests of quality.
2. Authorized factories: ensuring that the makers of the product for H&M are reputable and are cleared by their own legal systems. In this manner the certainty of receiving a reliable quality and product.
3. Authorized Suppliers: having a trusted supplier assures the supply of a trusted product. Outsourcing the creation of its product, H&M needs to ensure that its suppliers can be trusted. Thus a thorough research into the suppliers need to be made to ensure the highest quality of products.
In probabilistic sense random error are independent. Also, assumptions
for random error, epsilon are mean equal to 0, variance equal to sigma squared
and normal distribution. General form of probabilistic is
y=deterministic+random error where y is the variable of interest. We always
assume that the mean value of the random error equals 0. E(y) =mean of y, E(y)
=deterministic component.
Answer:
When you talking about this
Explanation:
Sussss but among sus hehhehehehehe loool
The wealth effect refers to the fact that when the price falls, the real value of household wealth rises and consumption will also rise. The wealth effect causes movement along the demand and supply curve due to the value of money and items changing. The wealth effect is used to determine people spending more money when the value of their assets rise.
