Guarantees are most effective in two situations. the first is when the company or products are not well known. the second is when the product's quality is superior to competition.
Guarantee is a legal term is a comprehensive and of higher value than a warranty or security. It's a document designed to protect consumers. It is a promise by a seller to a buyer that the he will take product responsibility & will replace and/or repair defective parts of the purchased item over the period of time contained in the contract. It is a legal understanding and is typically offered for free of charge. With a guarantee the consumer can get his product repaired or refunded for the parts that are replaceable and defective.
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Answer:
Complete solution in tabular form is given below for better understanding and demonstration.
Answer:
$161 million
Explanation:
Given that,
Gross profit = $350 million
Operating expenses = $120 million
Tax rate = 30%
First, we need to find out the income before taxes by subtracting operating expenses from the gross profit then we are able to determine net income after taxes.
Income before tax:
= Gross profit - Operating expenses
= $350 million - $120 million
= $230 million
Net income after taxes:
= Income before tax - Taxes
= $230 million - (0.30 × $230 million)
= $230 million - $69 million
= $161 million
I believe that you are experiencing a shy or embarrassed feeling. (>_<)
The answer would be A because the key word is manufacturing and that means Mark is building something he visioned. So, the business he started although small inspired enough people to work for what he envision. B, C, and D are wrong because it does not hint or say in the question about any of those answer choices.