This is called private branding (or private labeling)
For better understanding, we have to understand what the term private branding (or private labeling) means
- Private branding (or private labeling) is simply known as when a company produces a particular product and thereafter sells the product to a retailer who later on resells it after registering or branding it under its own name.
- An example is when Povlix watch maker make watches for Pinnacle to sell as its Nacles watch.
- A brand is often regarded as the name,design etc that set apart an organization or product from other companies (mostly its rivals) in the eyes of the customer.
From the above, we can therefore say that the answer that this is called private branding (or private labeling) is correct
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Answer: d. Uncle John's
Absolute Advantage refers to the ability of an individual, company, region or country to produce a particular product or service at a price lower than that of his or her or its competitors.
When the price for the company's products are lower in comparison to other similar products, the demand for its products are more and it's able to sell more number of units than its competitors.
In this case, Uncle John's has the absolute advantage since it sold the most number of cookies (125)
Answer:
C. An explicit target is easier to understand by households and firms which makes monetary policy more transparent.
Explanation:
Explicit inflation targeting is a monetary policy used by central banks to check inflation rate is under control for medium term. However, critics target this policy as they believe that instead central bank should have monetary policy for long term inflation control and economic growth for long term. Product price targeting or nominal income targeting would create more economic stability.
