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Verizon [17]
3 years ago
14

Neadless Marcup, the department store, advertises from time to time that it has a hair salon where that famous stylist, Mr. Dan,

was available for hairstyling. Actually, Mr.Dan is not an employee of Neadless Marcup but merely rents space in the store. Mr.Dan, while trying out his new formula for conditioner on Mrs. Garibaldi, causes all of her hair to completely fall out. From whom may Mrs. Garibaldi recover? Discuss.
Business
1 answer:
rodikova [14]3 years ago
7 0

Answer:

I believe that in this scenario, Mrs. Garibaldi was attracted by Neadless Marcup advertising, therefore, she should be able to recover from both the store and Mr. Dan, the stylist.

If Mrs. Garibaldi was a frequent client of Mr. Dan, then the could not claim to have been attracted by the company's advertisement and could only recover from Mr. Dan.

Explanation:

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7 0
2 years ago
Read 2 more answers
Channeling funds from individuals with surplus funds to those desiring funds when the saver does not purchase the borrower's sec
Solnce55 [7]

Answer: Financial Intermediation.

Explanation:

Financial Intermediation is a method of wealth distribution common to Banks, where money deposited by it's customers is given out as loan to investors/individuals. The Banks are known as Financial Intermediaries as they are actively involved in wealth distribution.

6 0
3 years ago
Suppose MBI Co. is expected to pay a $0.60 dividend per share next year. Wall Street analysts project the stock will sell for $3
neonofarm [45]

Answer:

$32.60

Explanation:

Data provided in the question:

Dividend paid per share = $0.60

Market price per share = $35.75

Required returns, r = 11.5% = 0.115

Now,

Current price = [ Dividend paid per share + Market price per share ] ÷ ( 1 + r )

= [ $0.60 + $35.75 ] ÷ ( 1 + 0.115 )

= $36.35 ÷ 1.115

= $32.60

3 0
2 years ago
The __________ is an integrated set of actions taken to produce goods or services (at an acceptable cost) that customers perceiv
PIT_PIT [208]

Answer:

Differentiation strategy

Explanation:

This question defines the differentiation strategy. It is an approach which businesses develop whereby they provide their customers with unique and different goods and services than what other competing firms may have to offer in the market. The main goal is to have an advantage increase in the market compared to others.

7 0
2 years ago
In the short run, a perfectly competitive firm should shut down whenever minimum average variable cost exceeds price minimum ave
Pepsi [2]

Answer:

A. minimum average variable cost exceeds price.

Explanation:

In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.

This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.

Hence, a perfectly competitive market is characterized by the following features;

1. Perfect information.

2. No barriers, it is typically free.

3. Equilibrium price and quantity.

4. Many buyers and sellers.

5. Homogeneous products.

Examples of a perfectly competitive market are the Agricultural sector, e-commerce and the foreign exchange market

In the short run, a perfectly competitive firm should shut down whenever minimum average variable cost exceeds price.

However, the firms always strive to maximize profits by increasing their level of output, such that P = MC. Also, the firms wouldn't be willing to leave or enter into the market because they are not making any profit, such that P=AC.

6 0
3 years ago
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