Answer:
Exclusive.
Explanation:
In this scenario, Marco traveled across three states to shop at Tiffany's to buy his girlfriend, Jana, a present. This is the only Tiffany's store in the entire region. The degree of channel coverage for Tiffany's is exclusive.
In marketing, there are basically three (3) types of market channel coverage used by businesses;
1. Intensive market coverage: this involves a company extending its products to as many sales outlets as possible. Therefore, it's a saturation coverage of the market. Some examples are softdrinks, beer, or cigarettes company.
2. Selective market coverage: it involves a company using a limited number of sales outlets to sell its products in a region. Thus, it lie between an intensive distribution and exclusive market coverage.
3. Exclusive market coverage: this involves a company extending its products to only one sales outlets. Thus, it is the exact opposite of an intensive market coverage and a complex form of selective market coverage. It gives companies prestige and improves brand quality perceptions.
<em>Hence, the degree of channel coverage for Tiffany store is exclusive market coverage. </em>
Answer:
The correct answer is letter "E": A price war.
Explanation:
A price war is a situation in which competitors undercut prices to offer their products at a lower level than their rivals so they can attract more consumers. Manufacturers find ways to cut their costs so they can stay profitable under these circumstances. If they are unable to do that, the company will end up with losses.
Answer:
Land 112,980
Explanation:
The driveway and parking lot are not part of the land. That is a decision of the company and will be applied on a diferent account, Parking lot
All the other cost are required to acquire the land and leave the land ready to use.
The salvage for the demolition decrease the cost for the land.
Purchase 84,500
demolition 9,100
salvaged materials (1,880)
atorney's fee 1,380
broker's fee 4,980
architect's fee 14,900
Total 112,980
Answer:
$69,300
Explanation:
Given the following :
House A :
Sales price = $70,000
Monthly rent = $500
GRM = 140
House B :
Sales price = $68,500
Monthly rent = $490
GRM = 139.8
House C :
Sales price = $70,500
Monthly rent = $485
GRM = 139.6
The gross rent multiplier GRM is obtained as the proportion of the sale price of a property to it's monthly rent.
GRM = (Sales price / monthly rent)
If a property is rented for 495 and house A is the
most comparable, then
Sales price will be closest to:
GRM of House A × monthly rent of property
140 × $495 = $69,300
