A niche market is the subset of the market on which a specific product is focused. The market niche defines the product features aimed at satisfying specific market needs, as well as the price range, production quality and the demographics that it is intended to target. It is also a small market segment.
Answer: (i), (iii) and (iv)
Explanation:
PPCo is able to provide the entire needs of the county and and has been in operations for a few years gaining loyal customers and controlling the market. Any company that will want to come in will have to fight them for market dominance and as such will have a smaller market share than PPCo.
As PPCo is meet the demands of everyone in the county, they are most likely experiencing Economies of Scale. This means that they are making more revenue thereby driving total cost down as the fixed costs remain the same but Revenue climbs. This classifies them as a Natural Monopoly because Natural Monopolies experience Economies of Scale and declining average total costs.
Answer:
Vodka, gin, baijiu, shōchū, soju, tequila, rum, whisky, brandy and singani are examples of distilled drinks. Beer, wine, cider, sake and huangjiu are examples of fermented drinks.
Explanation:
Realistic Expectations
I hope this helped
Answer:
$21,140
Explanation:
The computation of the total inventory cost is shown below:
= Acquired cost + Sales staff salaries + transportation-in costs by train + online advertising costs + shipping insurance costs + used panel restoration costs + lawn care costs
= $12,400 + $4,900 + $620 + $280 + $390 + $1,400 + $1,150
= $21,140
All those costs which are related to the inventory cost are to be recognized.
