The market share of the business in 2015 is <u>5%</u>.
<h3>What is market share?</h3>
The market share of a business is the portion or percentage of total market size that it controls. For instance, the business in question has 5% market share. This implies that it controls only a small portion of the market where it sells its products.
<h3>Data and Calculations:</h3>
Sales in 2014 = £108,000
Fall of sales in 2015 = 10%
Sales in 2015 = £97,200 ($108,000 x (1 - 10%)
Total market size in 2015 = £1,800,000
The business's market share in 2015 = 5.4% (£97,200/£1,800,000 x 100)
Thus, the market share of the business in 2015 is <u>5%.</u>
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Answer: C. Style modification creates planned obsolescence.
Explanation:
Planned obsolescence also referred to as the premature obsolescence or built-in obsolescence is when a product is designed with a limited useful life which is artificial, so that the product later becomes obsolete after a period of time. It should be noted that style modification creates planned obsolescence as there's always need to try out new things and evolve.
Answer:
Waldman Associates
Waldman does not have a contract for purposes of revenue recognition on the day the contract is received.
Explanation:
Revenue from contracts with customers becomes recognizable after the performance of the obligations and not before. Revenue is recognized when the contractor has transferred the benefits to the beneficiary and not before. Revenue, in this instance, is to be recognized based on past performance. According to IFRS 15 and ASC 606, revenue is recognized when each performance obligation has been fully satisfied. This is the point when economic benefit has been conferred on the other contracting party.
Based on economic theory, scarcity is limitation of a resource which cannot be replenished. Shortage is used to indicate a market condition.
When applying this definition to your question, A is your answer.
Ashley was nervous about making the media buy. she knew it was likely to be the largest expense in the advertising budget. When Ashley makes the media buy, she is purchasing the airtime or printed pages that will be used for advertising. These are expensive and consume a large amount of the advertising budget. Successful planning and time goes into making sure the money is spent in the most beneficial way.
