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- Company A uses a pricing approach where the initial price for a product is set high and then lowered, and Company B uses an approach where initial prices are set low in an effort to gain market share. What terms best describe these practices? • Company A – Predatory; Company B – Skimming • Company A – Penetration; Company B – Predatory • Company A – Skimming; Company B – Penetration • Company A – Skimming; Company B – Predatory • Company A – Predatory; Company B – Penetrationa) Identify at least three (3) benefits to real estate agency businesses of joiningeither a franchise organisation or a marketing groupd. Explain , What are the responsibilities of manufacturers and sellers in ensuring consumer safety under the Consumer Protection Act?
- Explain the process and legal considerations involved in registering a trademark for a small business.Distinguish between direct and indirectcompetition, and give an example of each.1. Which of the following is an advantage of partnerships? a. Each partner has limited liability for the debts of a business. b. Each partner is responsible only for his or her acts. c. A business continues to exist even after the death of any one partner. d. More capital can be raised since good credit may be available. 2. Which of the following factors should be considered while choosing the proper legal form for a business? a. Packaging of the product b. Location of the factory c. Nature of the business d. Name of the product 3. Once the choice of a legal form for a new business has been made, it cannot be changed until the business is dissolved or sold. a. True b. False 4. An equal partnership between owners is advisable in order to facilitate decision-making. a. True b. False 5. Which of the following is an advantage of a corporation? a. It cannot make use of a business owner's personal property…
- When Joe saw what a great job Sales Associate Diana did in hosting his neighbor's open house, Joe told Diana that he wanted her to do the same thing for him. Diana responded by setting an appointment with Joe for the next day to nail down the specifics of a listing agreement and marketing plan. Given what you know about this scenario, what type of agency do you think has been created? express written agency agency by ratification No agency has been created. express oral agencv S mitThe pain reliever medicine, Analgesia-T manufactured by CPC Company is a well-known analgesic that provides relief from pain and serves as a palliative to people worldwide. However, in the 1980s, several persons died after taking capsules of the well-known medicine. It was found out, that the medicines contained cyanide, a highly poisonous, white crystalline element accidentally mixed with the medicines because of factory defect. The sister company of CPC, the Jackson Company took the initiative and without delay, made steps to resolve the problem. It readily ordered the retrieval of the product from the market. Be that as it may, the company lost about $100M dollars by recalling more than 31 million bottles of Analgesia-T. The Jackson Company made all efforts to launch an information campaign in order to allay the fear of the consumers. The company ran a continuous media campaign and a toll-free customer care hotline. Millions of capsules were tested by reliable agencies and…A is a long-term partnership between companies to jointly develop, produce, or sell products, while a separate legal entity established by the strategic partners. is a O a. strategic alliance; spin-off O b. merger; acquisition O c. strategic alliance; joint venture O d. joint venturė; divestiture