This difference in availability is an example of how the products within the Cadillac portfolio are differentiated by the <u>"place"</u> element of the marketing mix.
We can define marketing mix as to put the correct item or a combination thereof in the spot, at the ideal time, and at the correct cost. The troublesome part is doing this well, as you have to know each part of your business strategy.
Place in the p's of marketing mix is an essential part. You have to position and distribute the item in a place that is available to potential purchasers.
Answer: B. Before purchasing a franchise, the buyer should carefully evaluate the franchise, the franchisor, his or her own situation, and the nature of the market
Explanation:
A franchise is a method that has to do with the distribution of products or services which involves a franchisor, and a franchisee. A franchisee pays a royalty an initial fee in order to do business using the name of the franchisor.
Before purchasing a franchise, the buyer should carefully evaluate the franchise, the franchisor, his or her own situation, and the nature of the market.
1. The Party ordered to pay a draft is the <u>drawee</u>
2. Instruction that directs a bank not to pay a check that has been lost or stolen is a <u>stop payment order</u>.
3. Party to whom commercial paper is made available is the <u>payee</u>.
4. Unconditional written order by one person that directs another person to pay money to a third person is a <u>bill of exchange.</u>
5. Type of draft by which a bank depositor orders the bank to pay money, usually to the order of a third party or to the bearer of the instrument is a <u>check</u>.
6. Person who executes or draws the draft and orders payment be made is the <u>drawer</u>.
7. The drawee's promise to pay the draft when due is called <u>acceptance</u>.
8. Unconditional written orders or promises to pay money are called <u>commercial paper.</u>
9. To refuse to pay when due is called <u>dishonor</u>.
10. The person who executes a promissory note is the <u>maker</u>.
Answer:
B. historical cost
Explanation:
According to the historical cost principle, the assets should be valued at purchased cost whether the market value is more or less
Since in the question, it is mentioned that the Tim continues the commercial van value at the purchased cost only even the market price is available
So this represents the historical cost principle
Hence, the correct option is b,
