It is "cutting out the middleman", which seeks to reduce distribution expenses.
By avoiding the middleman, i.e. offering straightforwardly to you, the maker can list that equivalent item for, say $75 which because of a broker or retailer rises to at least 100 $, which it to appear is a lot of difference to the buyer, while in the meantime giving them significantly more benefit than they'd make selling to a store.
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Who are the biggest companies in the cruise retail Industry?
Jun 29, 2018
As the cruise industry continues to expand rapidly around the world the growth in the onboard cruise retail market is significant. This year just about every major cruise line will have a new ship with wide public and commercial spaces dedicated for retail shops. The biggest companies operating in cruise retail sector are Starboard Cruise Services, Harding Retail, and Dufry Ltd.
With retail shops operating on 96 cruise ships, Starboard Cruise Services has firmly established as the largest and dominant cruise retailer in the world with the biggest share in the cruise retail market.
This year Starboard Cruise Services, which is part of LVMH Moët Hennessy Louis Vuitton, celebrated its 60th anniversary with the debut of its newest innovative retail concepts of exclusive shops and brands on the industry's newest and largest cruise ships, including Carnival Horizon, Royal Caribbean's Symphony of the Seas and Celebrity Edge. Other newly executed retail contracts have been signed with Norwegian Cruise Line to operate retail on three of their newer ships and a multi-year contract with Costa Cruises including the new Costa Smeralda launching in 2019 and Royal Caribbean’s Spectrum of the Seas.
they are said to be capitalized.
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Answer:
limited liability company or LLC is a hybrid business structure that provides the limited legal liability of a corporation and the operational flexibility of a partnership or sole proprietorship.
Explanation:
Answer:
Companies that use ABC allocate all costs including direct materials, direct labour and manufacturing overhead to the product based on an activity cost allocation rate.
This statement is False.
Explanation:
In ABC, it is only the overhead that will be allocated to the product based on an activity cost allocation rate (cost drivers). Direct material cost and direct labour cost will be recorded at the actual cost incurred on direct material and direct labour.