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PilotLPTM [1.2K]
3 years ago
5

A brand of wine is priced at only $5 per bottle, far below the market price of most high quality wines. Before any reputation ex

ists for the wine, consumers buy very little of this inexpensive wine because they interpret the low price to mean that the wine is of poor quality. The company decides to change the label on the wine to show that it has won awards for quality. This label change is an example of
Business
1 answer:
lakkis [162]3 years ago
8 0

Answer:

Re-branding

Explanation:

This is an example of re-branding the product. Re-branding is a strategy for marketing that associates a new name, image and designs to the existing product so as to change consumer perception of that product. This helps bring forward a new brand identity for an existing product allowing it to be able to be competitive and differentiated. It is basically now marketed as a new and or improved product.

Hope that helps.

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“A business organization requires both long term and short term capital which can
Anna007 [38]
The example of ownership capital is : Shares

Shares determine that you have a part of percentage of the company (you will also get part of its income)

Example of Borrowed capital is : Leasing.
Leasing is a rental agreement in which you can borrow goods that you can use for your production process

hope this helps
5 0
3 years ago
Two models for department store success seem to be emerging—one with a strong retail brand approach and one as a showcase store.
yKpoI14uk [10]

Answer:

Showcase stores are stores that display their products in a way that makes it easy for customers to determine what products are available.

Explanation:

Department stores are large stores with various assorted products and they adopt different approaches for selling their products to customers which include retail branding and showcase stores.

In a showcase store, <u>a variety of products available in the store are displayed for customers to see</u>, so they know what the store has available. These products that are showcased are not actually the ones sold.

The retail branding approach involves a large department store owning or controlling several <u>smaller retail outlets with unique brands through which it sells its specific products.</u>

<u>A well branded retail outlet connects better with target customers </u>and provides a more attractive option when they have to choose between competing brands.

5 0
3 years ago
Discuss the notion of conservation of risk, the reduction of risk in one area is offset by increased risk in another area. As th
Eva8 [605]

Answer:

Part 1

remain constant, costs from different sources

Part 2

decreases, Leverage has a tax shield due to a deduction allowed for interest

Explanation:

Debt is another term used for Leverage. Addition of leverage does not affect the cost of equity. Cost of equity and cost of debt are costs from different sources

However, Leverage has a tax shield due to a deduction allowed for interest. Therefore as more debt is used, the cost of capital decreases. So weighted average cost of capital calculates costs from pooled resources

7 0
3 years ago
Explain the difference between an absolute minimum and a local minimum.
Crank

Answer: An absolute minimum occurs at the x value where the function is the smallest, while a local minimum occurs at an x value if the function is smaller there than points around it (i.e. an open interval around it)

5 0
3 years ago
Graphically, how does a monopolistically competitive firm determine its profit-maximizing price? Question 7 options: It accepts
laiz [17]

Answer:

The correct answer is the last option: The firm determines its profit-maximizing output and then charges the price associated with the point on its demand curve directly above that quantity.

Explanation:

To begin with, the monopolistically competitive firm is working in the market that determines its profit-maximizing price by first determining its output level in the point where it marginal costs equals its marginal revenue and then it charges the price that finds itself above that quantity level determined previously by the output level and that is in the average revenue curve that finds it above the marginal revenue curve

4 0
3 years ago
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