Answer:
B) Cannibalization occurs when the sales of a new brand take away from sales of an existing brand. Whenever a firm sells a new product it must look out for cannibalization. Michael's new mp3 players are cannibalizing the sales of his old players.
Explanation:
Market cannibalization occurs when a company's new product line crowds out the existing market for its current products, rather than expanding the company's market base as originally intended. In other words, rather than appealing to an additional segment of the market, a new product line appeals to the company's current market, reducing the demand for its established products. In this respect, market cannibalization is an instance in which a company's own two product lines compete against one another.
Answer:
BOB should offer 4,583,333 for the building if he wants the cap rate to be the same as the similar building.
Explanation:
The cap Rate is used to to calculate how much income a building or a property generates compared to its price it is bought at, so in order to find the cap rate we divide the annual NOI by it's price. In this question we will have to calculate the cap rate of the similar building which was sold for 6,000,000 and then use that cap rate to find what should the price of the building be that BOB wants to buy.
Cap rate = Annual NOI/Price
Cap rate of similar building = 360,000/6,000,000=0.06=6%
Now we will substitute 6% in the formula to find the price of the building BOB wants to buy.
0.06=275,00/Price
Price = 275,000/0.06=4,583,333
The manufacturing business that smith used to illustrate the effects of division labor is the pin-making industry. Adam Smith is a Scottish economist which he was know for his book "An Inquiry into the Nature and Causes of the Wealth of Nations" was was until now used as a primary reference in economic studies.
Answer:
b. the principal's acceptance of responsibility for an agent's activities.
Explanation:
A principal may ratify or disown the activities of a person or an agent who acts above his/her mandate. Where a principal ratify the activity of the agent, it is called agency by ratification.
Sometimes, an agent may perform or carry out activities beyond his/her mandate eventhough this is stated in the law, the principal is also empowered to ratify or disapprove such activities as there are rules governing such approval or disapproval.
Rules governing agency by ratification are ;
-There must be contractual capacity on the part of the person who is ratifying
- The person acting as agent must be intended to be seen as such
-The principal must exist at the point activity is being carried out
-The principal must have full knowledge of the material fact.
-The ratification may be implied or express.
Answer: Time spent
Explanation:
From the question, we are informed that a customer enters a facility and discusses their most recent hunt. We are further informed that it was strictly a friendly, non-professional conversation.
This will be consider as time spent in a business environment. Good customers relationship is needed for the success of every organization. Therefore, in this case, it'll be termed time spent.
