Based on the sales data that Sharon saw, she was able to determine the company's <u>target market. </u>
<h3>What is a target market?</h3>
This refers to the market segment that mostly uses or patronizes the goods and services offered by a company.
In this case, Sharon noticed that their company is usually patronized by clients in the neighboring city. This is therefore their target market as they are the majority market segment using the company's services.
In conclusion, option B is correct.
Find out more on target market at brainly.com/question/20812603.
entrepreneurs are people who start businesses in its simplest definition. A successful entrepreneur must see an opportunity and take advantage of that opportunity. Not all entrepreneurs have extensive education of market experience. Good entrepreneurs rely on business plans and venture capital (which can sometimes be their own money.) Also, entrepreneurs can hire outside help to solve problems, running a business does not have to be a one-man show.
Answer:
Acquisition of the asset:
March 1, 2016
Dr. Patent €7,500
Cr. Cash €7,500
At Year end:
December 31, 2016
Dr. Patent €1,500
Cr. Revaluation reserve €1,500
December 31, 2017
Dr. Revaluation reserve €1,000
Cr. Patent €1,000
Explanation:
*Assumption: Normally Patents do not valued under the revaluation model as they are very unique and do not have any active market. Because it given in the question I am assuming it fulfil the criteria of revaluation.
On March 1, 2016 patent will be recognized on cost. At the year end patent will be revalued and it's gains and losses are calculated. Dec 31, 2016 there is a gain of €1,500 which is transferred to revaluation reserve account. Dec 31, 2017 there is a revaluation loss which will firstly adjust any previous accumulated gain then it will be charged to Profit and loss as Revaluation loss. As there is excess gain of €1,500 and entire loss of €1,000 will be adjusted in the revaluation reserve account.
This question is incomplete because the options are missing; here is the complete question:
A contractual agreement in which one firm permits another to produce and market its product and use its brand name in return for a royalty or other compensation is known as:
A. Joint venture.
B. Licensing.
C. Countertrade.
D. Strategic alliance.
E. Export-import agent.
The correct answer is B. Licensing
Explanation:
In businesses, licensing refers to a type of agreement between two companies or firms that involves one of the firms is allowed to use the brand, model, and other business elements of the other firm. This often involves the firm can produce the product of the other firm for a time. Moreover, in compensation, the firm whose product is being produced receives money or any other benefit. This type of agreement is often beneficial for the two firms involved because the firm sharing its model and product can expand its popularity, while the other firm can obtain profits. This agreement is the one described because only in this one firm permits another to use its brand and produce its product.
The firm gets the deal of lumber export. Before the delivery gets to the Philippines, the firm can ask for an amount as a downpayment for the lumber.
After that, because he has insufficient money, it can use the down payment for the shipment. Additional payment for the shipment can be taken from full payment after the lumber has arrived or the firm can add money if it's already an affordable amount to pay.