Answer:
TRUE
Explanation:
In simple words, differentiation strategy refers to the business strategy under which an organisation tries to get competitive advantage in the market by adding some unique features in the existing products or by introducing brand new products for utilization.
This strategy is used by service industries as well in which the organisations frequently introduce new technologies for better operating activities. Such strategies can sometimes lead to establishment of new industry in which the innovating firm gets the first mover advantage.
Sales per square foot equals Net Sales divided by the Total Square Foot.
Net Sales equals Gross sales minus any returns and discounts.
Promotional Items
1401 - 214 (returns) - 159 (discounts) = Promotional Items Net Sales
Once you have your Net Sales for ALL the categories, add them together and divide that number by the total square foot of the space (5,000). This will give you Sales per square foot.
Answer:
The demand that Le Jouet faces for toy trains in France is less elastic than in Russia.
Explanation:
This is the statement that best describes the panorama that Le Jouet faces in France. When comparing the markets of France and Russia, we learn that the demand for toy trains in France is less elastic than the demand in Russia. Price elasticity refers to a measure of responsiveness of consumers. This measures how responsive consumers are to a price change.
Answer:
The answer is D.
Explanation:
Sales budget is always the primary budget to be prepared. Others can come after sales budget. A sales budget is a financial plan which shows the level or volume of sales the firm is expecting to offer for sale in the future.
It is usually the first budget to be prepared because the level of sales will determine the level of expenditure.
Therefore,
For Budgeted Income Statement - NO
For Direct Labor Budget - NO
Geraldo owns a well-known brand and allows Henry to sell products with that brand name. Geraldo has agreed to: product and trade name franchising.
<span>A franchiser is the persn that licenses its know-how, procedures, intellectual property and use of its business model and brand. In our case the franchiser is Geraldo. He gives the rights to sell its branded products and services to Henry, who is called a franchisee.</span>