<span>Best Buy stores in most cases would be classified as a marketing intermediary. Wholly because they do not own the goods that they sell. Best buy is a retailer that buys its products from other market intermediaries. It is a part of a large chain store that sells its product mainly to the end-user.</span>
Answer:
d. identifying local market characteristics can help the business owner better reach the market
Explanation:
Market segmentation is classifying customers into smaller groups based on various characteristics. The characteristics may include age, gender, income levels, preferences, lifestyles, and geographical locations.
Small business operates within a certain geographical area. The business owner or managers probably live in that area. The owner understands the culture, needs, and wants of the customers. The small business can, therefore, provide the goods and services that will satisfy the needs of different groups of customers.
Because a small business operates in a smaller area, its customer's needs are less likely to extremely divergent. Small businesses can, therefore, create more refine segments than a large enterprise serving customers in different regions.
Answer:
Distinguishing between employees and independent contractors is important because:
employers can defend their noncompliance with employment laws by proving that persons performing work are independent contractors.
Explanation:
Legally, an employer-employee relationship is governed by a contract of service. This is an agreement between an employer and an employee. The employee does not perform specific tasks or projects, but any tasks assigned to her by the employer from time to time, and she must present at all times to perform the assignment. On the other hand, the legal relationship between an entity and a self-employed person or an independent contractor is governed by a contract for service. In a contract for service, the independent contractor engages with the entity to carry out an assigned project for a fee.
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Answer:
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Explanation:
