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grin007 [14]
1 year ago
9

Bud’s Bucket ice cream company produces a chemically enriched ice cream and decides to penetrate the gourmet market by offering

its same ice cream at premium prices. What might happen as a result of its market penetration strategy?
Business
1 answer:
ipn [44]1 year ago
6 0

Answer:

It may turn off it's current customer base and cause them to purchase a competitors ice cream.

Explanation:

Market penetration strategy is the process of selling current products to an already existing market so as to obtain a higher market share by taking the market shares from the other competing companies.

Market penetration strategy uses low prices to generate demand for a product and increase market share. Bud's bucket ice cream decides to penetrate the gourmet market by offering its same ice cream at high prices instead of reducing the price, this might lead to a reduction in their current customer base.

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Martha entered into a contract with Terry, an art dealer. According to the contract, Terry was to supply 18 th century artifacts
Arisa [49]

Answer:

Specifically perform the contract

Explanation:

When a contract is made and one of the parties does not perform his own part. During a dispute the court will first ask the erring party to perform their duties in the contract.

In this scenario Terry was to supply 18 th century artifacts to Martha for the play she was directing, and Martha was ready to pay $50,000 for this. Another director needed the same artifacts and was ready to pay $60,000. Terry decided not to sell the artifacts to Martha.

Terry has breached his contract with Martha, and will now be compelled to sell the painting to Martha at $50,000.

3 0
1 year ago
Reece has decided to start his own brewery. To purchase the necessary equipment, Reece withdrew $20,000 from his savings account
KengaRu [80]

Answer:

The opportunity cost is the income earned from her balance on savings account at the interest rate of 3% per year that Reece would received if she had not opened her owned brewery business. This opportunity cost is $600 per year.

Explanation:

Please find the below for further explanation and calculations:

The opportunity cost per one year = Income earned on saving account per one year = 20,000 x 3% = $600;

The reason why it is an opportunity cost is because as a result of opening brewery business, Reece sacrifices the income earned on this saving, instead, she contributes the saving fund to her brewery business.

8 0
2 years ago
Ethical behavior is a subset of which skillset?
Anna71 [15]

Answer:

C). Professional Conduct

Explanation:

Ethical behavior is characterized as the obedience of moral principles like fairness, honesty, and equity. Such behavior recognizes the individual diversity and offers equal rights and respect to the dignity and integrity of every individual. It is one of <u><em>the significant aspects of 'professional conduct' which promotes professionalism, healthy work relationships, mutual understanding, and maximize the output</em></u>. Thus, <u>option C</u> is the correct answer.

7 0
1 year ago
Identify the type of sampling used​ (random, systematic,​ convenience, stratified, or cluster​ sampling) in the situation descri
Sunny_sXe [5.5K]

Answer:

Cluster sampling

Explanation:

Cluster sampling is a type of sampling in which a population is divided into groups and one whole group from the division is randomly with every member of the chosen group  involved.

As in thr question, the phone number listings have been divided into groups of 400 and her name came up in the first group of the listing divisions to be considered, hence her selection.

Cheers.

6 0
2 years ago
Describe the formation process of cross-border mergers, acquisitions, and international joint ventures. What are the major diffe
Readme [11.4K]

Answer:

The answer is below

Explanation:

Merger is a business term that defines the major mean of concentrating businesses. It can be in two different forms, which can either be through the arrangement of a new company or through the through the unification of one or more firms into another firm.

Acquisition however is a business term that describes the purchases of a company's most or all shares, in order gain control that company, buy another company (buyer).

On the other hand, An international joint venture often referred to as IJV is a business term that describes the formation of partnership of companies based in two or more countries, without taking over the other company outright.

Hence, the formation process of a merger, acquisition and international joint venture involves the following:

1. Planning: this stage involves the signing of the letter of intent, advisor appointment, creating and documenting the timetable, transaction method and expert report

2. Resolution: this stage is also vital which involves meetings of Board of Director, extraordinary shareholder, identification of opposition party and go ahead from the antitrust authority.

3. Implementation: this is a stage involving the enrolment of the merger deed in the Company Register.

5 0
1 year ago
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