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VLD [36.1K]
3 years ago
7

Describe the relationship between an individual consumer's demand and market demand

Business
1 answer:
nordsb [41]3 years ago
3 0
Market demand is what everyone wants in that group. a consumer is what that person or two people wants.
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Symphon Times Inc., a Swiss-based premium watch brand, has recently started selling its watches through company-owned retail out
iVinArrow [24]

Answer:

a) geographic diversification strategy.

Explanation:

In this scenario, Symphon Times Inc., a Swiss-based premium watch brand, has recently started selling its watches through company-owned retail outlets in major cities of the emerging nations. The type of diversification strategies the firm is pursuing is a geographic diversification strategy.

Geographical diversification strategy can be defined as the process of diversifying your investments across various geographical regions (market) so as to improve profits or returns on investment and primarily to mitigate the overall business risk.

Hence, using the geographic diversification strategy Symphon Times Inc., is spreading its risk across various geographical regions or emerging nations by allocation of its resources in order to prevent them from being vulnerable to external conditions and to improve their performance and competitiveness. Thus, a geographic diversification strategy is simply a business management strategy that entails "not putting all your eggs in a basket" rather you should have them spread across in order to prevent or mitigate the overall risks.

<em>Additionally, in order to preserve wealth and to reduce portfolio risks it is advisable that business owners such as Symphon Times Inc. engage in geographic diversification strategy.</em>

4 0
3 years ago
On August 10,2019 ABC sells 16 mini trenchers to a farm co-op in western Minnesota. ABC provides a 4% volume discount on the min
cestrela7 [59]

Answer:

If it was likely or probable that the farm co-op would meet the benchmark and get the discount (or rebate), then the journal entry should recognize that. But since it is very doubtful that the benchmark will be met, then the journal entry should be made without considering any type of discount.  

I looked for a similar question in order to find the missing numbers:

each trencher is sold at $3,600 and costs $2,000

August 10, 2019, 16 mini trenchers sold to farm co-op

Dr Accounts receivable 57,600

    Cr Sales revenue 57,600

Dr Cost of goods sold 32,000

    Cr Inventory 32,000

5 0
3 years ago
Can the government require a company to recall a product if they believe it is harmful to consumers?
Ymorist [56]

Answer:

A.Yes. They have the power to remove it if they believe it’s harmful.

Explanation:

When the government have reasons to believe that a product is potentially harmful to consumers and or buyers, they have the right to require a company to recall a product, if they believe it is harmful to consumers, because it is then the governments responsibility to protect the public.

3 0
3 years ago
Why are professional associations interested in keeping professional standards high?
gavmur [86]

Answer:

A few dishonest professionals can hurt the entire profession.

3 0
3 years ago
A. The menu prices at restaurants in New Buffalo, Michigan, a small lakeside town, increase during the summer months and decline
skelet666 [1.2K]

Answer:

Which of the following are examples of collusion? Choose one or more:

Explanation:

Answer: C, and E

Collusion is the process in which few firms (but not all firms) in the industry mutually cooperate (through a secret meeting) for their own benefits (but not for the benefits of whole industry).

Option A: This is not collusion, since all the owners are involved.

Option B: This is not collusion, since increasing productivity is the normal process.

Option C: This is collusion, since the labor market is deceived by only 2 firms.

Option D: This is not collusion, since all the gas stations are involved.

Option E: This is collusion, since only dominating firms deceive the industry by increasing prices.

4 0
3 years ago
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