Answer:
Licensing
Explanation
Licensing is a contractual agreement whereby one company (the licensor) allows another company to use its trademark for products and services offered by this company (licensee) for a royalty or fee and here royalty was received for the use of name.
Mary-Kate and Ashley Olsen's clothing line with Wal-Mart is an example of celebrity branding. This is where the well-known name of a celebrity is used to market and sell a product or service, in this case, fashion.
The scenario involving Mary-Kate and Ashley Olsen and their clothing line with Wal-Mart is an example of celebrity branding. Celebrity branding is a type of branding where a celebrity uses their well-known name to market, promote, and sell a product or service. In this case, the Olsen twins create fashion and grant Wal-Mart exclusive rights to manufacture and sell the clothing under their well-known name. Celebrity branding can significantly influence the consumer's perception of the product and can increase product credibility, thus making it a powerful tool in the marketing sector.
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Explanation:
The process by which an insurer decides whether to issue requested insurance is called:
A) Underwriting
b. False
Answer &Explanation:
Firms in monopolist competition maximize profits where the marginal revenue (MR) equals marginal cost (MC). If some firms are experiencing losses in the short-run then, the long run average cost (LRAC) at MC=MR is higher than the price at that same point (gains or losses are the difference between the LRAC and the price). What would happen in the long run is that some firms will leave the market and the new equilibrium would be where the LRAC equals the price and there would be no gains or losses.
B. chair,dry cleaning,police protection.
C. hammer,ice cream cone,house.
D. shirts,car wash,computer training.
Answer: export steel and import wheat
Explanation:
According to the Heckscher-Ohlin model, a country should export the foods and services that it can produce in abundance and also produce efficiently while it imports the one that is less efficiently produced of the two goods being compared.
In this scenario, the two countries in this model are the United States and the Rest of the World; the two goods being produced by each of the countries are steel and wheat; the two factors of production used in producing the goods in each country are capital and land.
Since the United States is capital-abundant and steel production is capital-intensive, this mean that the United States can produce steel more efficiently and in abundance. Therefore, U.S should produce steel and export to other countries while it buys wheat from the rest of the world.