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Author Question: The country of Greece is experiencing an extreme economic downturn; therefore citizens have turned ... (Read 69 times)

Melani1276

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The country of Greece is experiencing an extreme economic downturn; therefore citizens have turned to trading items to acquire goods and services due to the failing monetary system. For example one might trade a dress for eggplants. This is an example of which type of economic system?
 
  a. Traditional c. Command
  b. Market d. Mixed

Question 2

All categories of apparel and accessories, including cosmetics, have some form of licensing attached to products. Name and give examples of three types of licensing.
 
  What will be an ideal response?



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bhavsar

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Answer to Question 1

a

Answer to Question 2

There are several popular types of licenses:
Designer - Calvin Klein, Ralph Lauren, etc.
Celebrity  Jennifer Lopez, Joan Rivers, etc.
Art - art or picture logos on bags and apparel from famous museums
Corporate - names or trademarks of large companies
Entertainment - names or trademarks of large companies such as Bank of America, SunTrust,
and Coca-Cola
Sports store name - he most often licensed sports are Major League Baseball, Collegiate
Licensing, and the national Football League
Brand name  Levi's, Hagar, etc.





 

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