The companies like Macy have to move to an Omnichannel strategy for selling their products because in Omnichannel strategy, products are sold through several distribution channels.
<h3>What is a distribution channels?</h3>
Distribution channel serves as the means by which companies make their products to be available to final consumer.
This channels encompass retailers as well as wholesaler, and in In omni channel, all the distribution channels are linked to each other.
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Answer:
The marginal benefit from selling the vane without restoring it is $200.
Explanation:
Marginal benefits are the extra income a company can get from selling one additional unit of production.
Zane had already spent $250 in purchasing the vane and the restoration process.
Zane has two options:
- Sell the vane as it is for $200.
- Keep restoring the vane, spend $200 more and sell the vane for $500.
If Zane decides to sell the vane as it is, his marginal benefit will be $200. That would not be enough to cover his costs, this transaction will result in a $50 loss.
If Zane decides to continue the restoration, then his marginal costs will be $200 extra, but his marginal benefit would be $500. If he chose this option he could end up earning a $50 profit.
Answer:
Gain and loss accounts
Explanation:
Gain and loss accounts are a form of temporary accounts that are utilized to gather combined sales and purchases that has an effect on the profit or loss of business activities over a given period, which is typically in a year. For example, the loss on property sold account.
Hence, in this situation, the correct answer to the question is known to be a GAIN and LOSS ACCOUNT.
Business majors learn how to research information using quantitative skills, and then develop ideas based on that information to solve problems.
Business also involves people — customers and employees — so communication and interpersonal skills are vitally important as well.
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