Answer:
Niche competitive advantage
Explanation:
A niche competitive advantage is gained when a business targets a small segment of the market and effectively serves them.
Forming a niche market leads to less competition as the business is specialised in this field, there is clear focus as a small targeted customer base is to be satisfied, and results in specialised skills or market expertise.
Yuengling only sold in a ten-state area on the Eastern Seaboard for over 170 years, giving them a niche competitive advantage.
A duty that a principal owes to pay an agreed-upon amount to the agent either upon the completion of the agency or at some other mutually agreeable time is known as a principal's duty to compensate.
<h3>What is
principal's duty to compensate?</h3>
An agency connection may be complimentary or compensated. The principal is required to pay the agent reasonable compensation if the conditions of compensation are not specified in the agency agreement.
The main duty owed to the principal are-
- A principal's obligations to an agent are primarily to pay the agent as agreed upon and to indemnify and hold harmless the agent from any claims, liabilities, or costs incurred as a result of the agent properly carrying out the principal's instructions.
- A principal has legal obligations to fulfil toward an agent.
- The two main obligations a principle has to an agent are to pay the agent as agreed upon and to indemnify and hold the agent harmless from any claims, liabilities, or costs incurred as a result of the agent properly carrying out the principal's instructions.
- The principal is responsible for paying the agent any commissions that may be due to him in that capacity, as well as any other money owed to the agent for advances made or legitimate expenditures spent by the agent while acting as the principal's agent.
Therefore, unless the agent has decided to act for free or gratuitously, the principal must pay the agent.
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Answer:
8
Explanation:
2a + 4b
for a = -2 and b = 3
Substitute -2 in for "a" and 3 in for "b"
2*(-2) + 4*(3)
2*-2 = -4 and 4*3 = 12
-4 + 12 = 8
Ans: 8
Answer:
Option 3
Explanation:
In simple words, the following case illustrates to the implicit and explicit cost. Implicit cost refers to the cost of loss of profits that one ha to loose for choosing one alternative over other while prolixity costs are the costs necessary to bear for effective operation.
In the given case, if Larry himself do the performance of the manager he might loose up more than $30,000 thus, he will obvious gaining from the manager more than 30,000 implicitly.