Nicole has been wanting to open her own business for many years. After much saving and a loan from the bank, she was able to open up her own store. This store features upscale jewelry, footwear, and clothing for professional women. She uses a premium pricing strategy to demonstrate the quality of her products. As time passed, she adopted other product lines including luggage and beauty products. Nicole has developed strong relationships with suppliers so that new orders come relatively quickly. Nicole distinguishes herself from the competition with the high level of service at her store. Her workers are trained to greet customers within fifteen seconds of them entering the store. She also gives her employees permission to take whatever time needed to make sure that customer needs are met. Refer to Scenario 15.1. Based upon the description, Nicole is engaging in _____________.

Answers

Answer 1

Answer: retailing

Explanation:

From the information given, Nicole is engaging in retailing. Retailing, is the selling of goods and services to the consumers.

In retailing, the retailer buys from the producer or whilesaler and then sells in individual units to the customers. Since Nicole has developed strong relationships with suppliers so that new orders come relatively quickly and then sells to the customers, she's a retailer.


Related Questions

How to do this question plz answer me​

Answers

Answer: See explanation

Explanation:

Business activities simply refers to the activities that are done in order to provide goods and services for the consumers and also generate profit.

1. The purpose of business activity is:.

To provide goods.

2. An entrepreneur might find setting up a business rewarding as he or she is in control and that may give the person a level of satisfaction. Also, the entrepreneur makes profit which is rewarding as well.

3. Building a good brand image gives credibility to the company and also brings about customer loyalty. Customers want to be associated with good brands. This can also help drive sales and revenue.

Tony is facing a financial crisis in his business. Instead of applying for a loan from a commercial bank, he takes a loan from the cooperative that he partly owns with some of his friends. This cooperative acts as a depository institution where all the members deposit their savings on a higher interest rate than that offered by commercial banks. Being a member of this cooperative, he gets the advantage of being charged lower interest rate on his loan. Based on the information given in the scenario, the cooperative owned by Tony and his friends exemplifies a(n) _____.

Answers

Answer:

credit union

Explanation:

A credit union can be regarded as

not-for-profit financial institution which is under control of the members who has money deposited in it. It doesn't maximize profit but rather give back favorable interest rates to it's members as profit.

DUE TODAY PLZ HELP

Consumer research should include information about the general habits of travelers.


True

False

Answers

The answer is true
Hope this helps
The answer would be true. I guess it would be important to know about travel habits if you’re doing a consumer research

Which of the following is a way the government encourages employees to save for retirement?

Contribution matching
Opt in or opt out
Lower interest
Tax incentives

Answers

Answer:

Tax incentives.

Explanation:

Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.

The different types of tax include the following;

1. Income tax: a tax on the money made by workers in the state. This type of tax is paid by employees with respect to the amount of money they receive as their wages or salary.

2. Property tax: a tax based on the value of a person's home or business. It is mainly taxed on physical assets or properties such as land, building, cars, business, etc.

3. Sales tax: a tax that is a percent of the price of goods sold in retail stores. It is being paid by the consumers (buyers) of finished goods and services and then, transfered to the appropriate authorities by the seller.

A tax incentive can be defined as benefits such as deductions, exclusions or exemptions given by the government to individuals or businesses so as to motivate them to save or spend money by reducing their tax rates i.e the amount of money to be paid as tax.

This ultimately implies that, tax incentives is a way the government encourages employees to save for retirement.

What is query filtering most useful for?
adding and removing fields from a query
editing data in the table underlying the query
eliminating data that does not match from a query
reviewing only the results that meet specific criteria

Answers

Answer:

reviewing only the results that meet specific criteria

Explanation:

Query filtering is a simple way to filter informations from the available tons of data in-order to streamline it to what was actually needed. The queried and filtered information would then been reviewed and the results which met the keyed information appearing below it.

For example, query filtering could be used to seek for information about women who falls within age of 30 - 40 years among tons of information showing age of both men, children and women within the age of 10 -80 years.

Answer:

(D) seeing only the results that meet specific criteria

Explanation:

What can a database designer create to make it easy for people to create records?

A. A query

B. A form

C. A report

D. A field

Answers

Answer:

B. A form

Explanation:

I found the answer on quizlet

Answer:

It's B. A form

Explanation: hope it helps ^w^

Which of the following statements about savings accounts is FALSE? Savings accounts may

Answers

Answer:

savings accounts allow an unlimited amount of withdraws each month

Explanation:

When seeking collaboration on writing instructions for product use before releasing the information to the consumer, which method would yield the best results? Blog Podcast Wiki Companies can use blogs to share late-breaking news of tidbits of interest to employees. This is an example of Blogs take the same care and attention as other business writing.

Answers

Answer:

Wiki

Explanation:

The best option in this case would be to use a Wiki, which is a collaborative website, where users can add content, news, information about a certain subject and thus generate more complete and efficient content.

The advantages of using Wiki for companies is the possibility of access controls, modifications, collaboration, etc.

So this would be the ideal method for a company that seeks collaboration in writing instructions for using the product before releasing the information to the consumer.

Do you think large multinational corporations in general like Wal-Mart, Apple, McDonalds and Frito Lay are good or bad for the world? Is "globalization" another word for “Americanization”? Why or why not? (3 points) Explain using complete sentences.

Answers

Answer:

The use of any trademark in this text does not vest in the author or publisher any trademark ... Part 1: Management Practice 110 A Manager's Dilemma 110 Global Sense 110 ... Retaining Competent, High-Performing Employees 462 Employee ... as you can see, managers can and do have an impact—positive and negative.

A trader has a portfolio worth $5 million that mirrors the performance of a stock index. The stock index is currently 1,250. Futures contracts trade on the index with one contract being on 250 times the index. To remove market risk from the portfolio the trader should

Answers

Answer:

A short futures position is required

Explanation:

Missing word "short or long in the forward or futures market?"

Worth of portfolio = $5 million

Stock is currently index = 1,250

The number of contract required is therefore:

==> {$5,000,000} / {1,250*250}

==> 16 contracts

So, in order to remove market risk from the portfolio, the trader should sell 16 contracts. 1 futures contract protects a portfolio worth 312,500 (1250*250).

In order to remove the market risk, there is need to gain on the contracts when the market declines. A short futures position of 16 contracts is therefore required..

For the month of September, Florida, Inc., incurs a direct materials cost of $12,000 for 7,500 gallons of strawberry lemonade produced in its Mixing Department. It also incurs conversion costs of $6,000 with 80% completed. If the direct materials cost per equivalent unit was $0.90 in August and the conversion cost per equivalent unit was $1.15 per gallon in August, what is the difference in the direct materials cost per equivalent unit between the two months

Answers

The difference in the direct materials cost per equivalent unit between the two months is $0.70

What is direct materials cost?

Direct material cost is the cost of the raw materials and components used to create a product.

First, we need to calculate the direct cost per equivalent unit in September.

Direct cost per equivalent unit  

= Total Cost / Total Equivalent units                                                    

= $12,000 / 7,500                                                    

= $1.60

Also,

Difference between the two months.

September - August    

= $1.60 - $0.90

= $0.70

Therefore, the difference in the direct materials cost per equivalent unit between the two months is $0.70

Learn more about cost computation here : https://brainly.com/question/25790358

I WILL GIVE BRAINLIEST

This part of the business cycle is when companies have hired as many employees needed to supply enough goods demanded by consumers to optimize profit.

A. Trough
B. Growth
C. Recession
D. Peak

Answers

i think its B thanks:)

"Home made food contains proper nutrition describe them​

Answers

Answer:

sandwiches, soup, and others have real nutrition.

Explanation:

Can u help me plzzzzzzz​

Answers

Answer:

warm up

an advert in a prime time TV show :a mass market

an advert in a local newspaper :a market in particular location

an advert in a magazine for teenagers : a market of particular age

Explanation:

one region why company will match the branding of a new product to the company's overall brand image is;market

by the help of this company can attract customers for their product.company gain a profit as it helps to get market which makes company belief towards the satisfaction.

short notes on Co-Work skill?​

Answers

Answer:

Coworking is an arrangement in which workers of different companies share an office space, allowing cost savings and convenience through the use of common infrastructures, such as equipment, utilities, and receptionist and custodial services, and in some cases refreshments and parcel acceptance services.

If you know the answer plz help me out

Answers

Answer:

o Location

Explanation:

o Location

Why are economic systems needed? Respond to the question below with a minimum of 5 sentences.

Answers

Answer:

Explanation:Since economic resources are scarce, they must be used efficiently. We want to produce as much goods and services as we can, and in the process, produce the goods and services needed the most.  There are five functions an economic system performs in producing goods and services for consumption.

Explain the "Rule of 9 " as it pertains to marketing.

Answers

Answer:

When measuring burns in adults, the rule of nines assesses the percentage of burn and is used to help guide treatment decisions including fluid resuscitation and becomes part of the guidelines to determine transfer to a burn unit.

Explanation:

The transfer to the burn unit.

Your networking contact list should be limited to family members.

Т
F

Answers

Answer:

Explanation:

RIGHT

What should always be included with a résumé?

A letter of recommendation
A cover letter
A list of professional and personal references
A copy of school transcript

Answers

Answer:

A list of professional and personal refrences and/or A letter of reccommendation

Explanation:

This was a guess. Im doing the best I can, so sorry if you get them wrong.

NEED HELP ASAP ON A TIMER

Which of the following factors is a benefit of international trade over
domestic trade?


A. More limited ability to move resources due to tariffs

B. Less consumer choice

C. Lower cost of production

D. Higher political or military influence on the market

Answers

The answer to this is A.

Answer:

c. lower cost of production on A P E X

Explanation:

What does a computer forensic specialist do?

Design home security systems
Design large security systems for businesses
Work in network and computer security
Hack into computer systems

Answers

Answer:

a computer forensics specialist is an information technology professional who collects and analyzes data from computers and electronic media to be used as legal evidence in criminal investigations.

Explanation:

3rd sentence

Due Today!!!

Direct and indirect distribution basically refers to the same thing.

True

False

Answers

false. indirect is not direct .
False it’s not the same

The _____ motive encourages entrepreneurs to start businesses, expand existing one, create new products or improve existing ones, and/or improve production processes to use resources efficiently.
1.)profit
2.)price
3.)none of the above

Answers

It is the 1) profit motive that encourages entrepreneurs to start businesses, expand old businesses, create new or improve products and production processes for efficient use of resources.

What is the profit motive?

The profit motive describes the economic incentive that drives the activities and decisions of entrepreneurs.

Thus, it is not price that motivates entrepreneurs but profit.

Learn more about the role of the profit motive in resource allocation at https://brainly.com/question/933169

The largest source of federal revenue are ____ taxes.
A. excise
B. payroll
C. corporate income
D. personal income

Answers

Answer:

D. Personal Income

The sources of Federal Revenue are listen below:

Answer:

its D

Explanation:

lol

what is 1635436743 times 76354

Answers

Answer:

1.2487214e+14

Explanation:

Fat Cat Furniture store sells two types of products; cat beds and scratching posts. Over the past year Fat at sold 6,000 cat beds and 4,000 scratching posts, the sales mix of 6,000 beds to 4,000 posts creates a percentage of 60% for the cat beds and 40% for the scratching posts. Fat Cat’s total fixed costs are $40,000. The cat bed’s unit selling price is $44.00 and variable costs per bed are $24.00. The scratching post’s unit selling price is $100.00 and variable cost per post is $30.00.

1. Calculate the weighted average contribution margin per unit. ($40)

2. Calculate Fat Cat’s breakeven point in units for the “package” of products.

3. Calculate how many units of each product line the company must sell in order to breakeven.

4. Calculate the sales dollars required of each product line to breakeven Do not use the weighted average contribution margin ratio formula due to rounding issues. May still use the weighted average contribution margin per unit formula.

5. Prove the breakeven point by preparing a contribution margin income statement Make sure to provide three columns: one for Cat Beds, one for Scratching Posts, and one for Total.

6. The owner of Fat Cat Furniture wants to earn a $60,000 profit. Calculate the sales volume in units and total sales dollars of each product line the company must sell in order to earn $60,000 in profit. Do not use the weighted average contribution margin ratio formula due to rounding issues. May still use the weighted average contribution margin per unit formula.

I need help especially on the 2nd question.

Answers

Answer: See explanation

Explanation:

1. Calculate the weighted average contribution margin per unit.

The weighted average contribution margin per unit will be:

= Contribution margin per unit × Sales mix ratio.

= ($20 × 60%) + ($70 × 40%)

= ($20 × 0.6) + ($70 × 0.4)

= $12 + $28

= $40

2. Calculate Fat Cat’s breakeven point in units for the “package” of products.

This will be:

= Fixed cost / Weighted average

= $40000 / $40

= 1000 units

3. Calculate how many units of each product line the company must sell in order to breakeven.

Breakeven for cat beds = 1000 × 60% = 1000 × 0.6 = 600 units

Breakeven for scratching post = 1000 × 40% = 1000 × 0.4 = 400 units

Read this excerpt describing the mission of the World Bank.

The World Bank is a vital source of financial and technical assistance to developing countries around the world. It is not a bank in the common sense. Instead, it plays a different but supportive role in its mission of global poverty reduction and the improvement of living standards.

It provides low-interest loans, interest-free credit, and grants to developing countries for education, health, infrastructure, communications, and many other purposes.

According to this excerpt, what is one major way in which the World Bank differs from a regular bank?

The World Bank is a source of financial assistance.
The World Bank aims to improve living standards.
The World Bank provides low-interest loans and credit.
The World Bank serves people of different income levels.

Answers

Answer:

The World Bank is a source of financial assistance.  

Explanation:

The World Bank serves people of different income levels but regular banks do that.

The World Bank aims to improve living standards, no because it is more for hep  developing countries.

The World Bank provides low-interest loans and credit but there is a better answer.

The World Bank is a source of financial assistance because it help developing countries and has easier loans and credit

The World Bank aims to improve living standards.

What is the role of the World Bank in globalization?

The WBG supports developing countries through the development of trade policy to deepen their integration into regional and global economies and increase trade performance while facilitating trade through streamlined border management and more efficient logistics

What are the important global roles that World Bank plays?

The World Bank concentrates on long-term investment projects, institution-building, and on social, environmental, and poverty issues. The IMF focuses on the functioning of the international monetary system, and on promoting sound macroeconomic policies as a precondition for sustained economic growth.

Learn more about the World Bank here https://brainly.com/question/9882243

#SPJ2

Do you agree with the idea of NBA teams requiring fans to place deposits for season tickets for the following year? What about the NBA charging higher single-game prices to nonseason ticket holders? Explain your answers.

Answers

The correct answer to this open question is the following.

Although there are no options attached we can say the following.

Not really. I do not totally agree with the idea of NBA teams requiring fans to place deposits for season tickets for the following year. The reason is that I think the NBA teams, with the support of the League, are only thinking about their economic interests after the Pandemic.

Something similar happens with the idea of the NBA charging higher single-game prices to nonseason ticket holders. I think that is not fair.

Fans are fans for the love of the game and the passion professed to their teams. They are loyal. They are always supporting the teams. No matter hell or high water. Fans' loyalty is out of the question.

It was not the fault of the fans the way the 2020 season was played. Yes, teams lost money and they are desperate to recover it quickly, but not at the expense of the people's hard-earned money.

Blossom Company is considering an investment that will return a lump sum of $850,000 3 years from now. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount should Blossom Company pay for this investment to earn an 6% return? (Round answer to 2 decimal places, e.g. 25.25.)

Answers

Ale jak się okazało w Polsce dniu narty nie skierowane to dniu tym świecie i jest ogóle nie ma problemu z tym że nie ma przecieku co w wszystko jutrzejszym terminie

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