The given question is about Business studies.
Hallmark uses <u>Selective </u>distribution.
Selective Distribution: This refers to a strategy where a firm opens a particular or less number of outlets first in a specific location. This might be limiting at first but is surely a good start as this not only reduces the chances of loss instead helps the brand/ firm to prosper and focus on its product quality. Initially, the retailers and distributors appointed by the firms are few but later on, this marketing strategy proves to be superior. It has the following benefits:
- Better market coverage than distribution.
- Concentrated efforts on specific outlets
- More control and less cost than intensive distribution
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Answer:
Sole proprietorship
Explanation:
The characteristics of Sole Proprietorship includes unlimited liability and the owner of the business runs the business. In this case, the owner Holly is legal owner of the business and is involved in the marketing and production of the business. As the business is not registered as a company, the liability is unlimited which meets the criteria of sole proprietorship.
The main thing we can do to manage the problem of scarcity is to not overspend.
Scarcity happen when the number of demand in our society heavily outnumber the amount of resources available. By observing our consumption behavior today, we will notice that a lot of people spend money to buy more goods or services that they actually need.
If we control this overspending behavior, not only people who overspend can save some of their money, there will be a lot of goods/services left for other people.
Answer:
285,000 units
Explanation:
The computation of the cash break-even point of sales units is shown below:
Cash break-even point = (Fixed cost - depreciation) ÷ (contribution margin per unit)
where,
Fixed cost = $7,600,000
Depreciation = $7,600,000 × 0.25% = $1,900,000
And, the contribution margin per unit is $20
So, the cash break-even point of sales units is
= ($7,600,000 - $1,900,000) ÷ ($20)
= 285,000 units
Answer:
The answer is: C) 2.5 and producers are very responsive to the price change.
Explanation:
The price elasticity of supply refers to what percentage does the quantity supplied change when the price of the good changes in 1%. It is calculated using the following formula:
- price elasticity = % change in quantity supplied / % change in price
Price elasticity of supply of tablets = 20% / 8% = 2.5
For every 1% that the price increases, the quantity supplied will increase by 2.5%.
Since PES > 1, the supply is very price elastic.
