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Elodia [21]
3 years ago
15

Avon was known as the company that sold cosmetics door-to-door for a long time. In order to grow and reach new markets it began

to sell jewelry through its door-to-door sales force. This involved marketing new products through existing channels of distribution. It also is now selling its products by mail order and has opened retail stores. Avon is an example of a company effectively using which strategy?
Business
1 answer:
Blizzard [7]3 years ago
8 0

Answer:

Diversification

Explanation:

Avon is growing (diversifying) into the jewellery market place using the channel it already has (door-to-door sales). In addition it has also employed various means of distribution for its products including mail order and retail stores.

The additional distribution channels will bring Avon's product Tina larger market.

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3 0
2 years ago
Darden Restaurants is expected to pay annual dividends of $1.90 and $2.10 over the next two years,respectively. After that, the
Ainat [17]

Answer:

$13.89

Explanation:

The computation of the value of stock is shown below:

Year Dividend Present value factor at 16% Present value  

1         $1.90                0.862                               $1.64

2        $2.10                 0.743                               $1.56

3        $2.30

Price $14.375             0.743                               $10.68

The price is computed below:

= $2.30 ÷ 16% = $14.375

Total present value $13.89

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7 0
3 years ago
Read the excerpt from "Elon Musk.”
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Elon Musk is good at juggling multiple tasks.

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