Answer:
The answer is A.) Restaurants are relatively easy businesses to start, but are labor intensive and also have the greatest failure rate.
Explanation:
Answer:
a condition or circumstance that puts a company in a favourable or superior business position.
Answer: brand extension
Explanation: In simple words, brand extension refers to the process in which a producer use the brand name or trademark of a well known firm on some new product with the objective of increasing sales.
Usually, in such cases the firm giving their trade mark or brand name take share in profit in the form of royalty. Thus, in the given case the strategy used by Bic of introducing perfume with an existing brand name is an example of brand extension.
Answer:
The everyday low pricing policy is the policy that Matt's retail store is following.
Explanation:
Everyday low pricing policy is the kind of a pricing strategy in which any company or firm keeps the prices of its products at low over a long period of time rather than putting any kind of sale or promotional activities. So here the consumers don't have to wait for the sale to start, the prices are already at everyday low. An important assumption to understand here is that in this kind of pricing strategy cost of production is assumed not be changed, that is why a company is able to implement this policy over a long period of time.
So therefore as here Matt's retail store is giving $2 lesser price for its product than its competitors , it means that Matt's retail store has applied everyday low pricing strategy.
Answer:
A. $ 432 comma 000.
Explanation:
The computation of the relevant cost of keeping the old machine is shown below:
= Annual cash operating costs × Current age in years
= $108,000 × 4 years
= $432,000
To find out the relevant cost for the old machine, we multiply the annual cash operating cost with its current age so that the accurate cost can come
All other information which is given in the question is not relevant. Hence, ignored it
