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2 years ago

The right to use a specific business' name and sell its products or services in a given territory is a(n) agreement.

1 answer:

7 0

The right to use a specific business' name and sell its products or services in a given territory is a Franchising agreement.

<h3>What is Franchising ?</h3>

A franchise is the right to use a specific business's name and sell its products or services in a given territory. Franchises are one of the two special forms of business ownership that are additions to the three major forms of business ownership.

Some people, uncomfortable with the idea of starting their own business from scratch, would rather join a business with a proven track record through a franchise agreement.

A franchise agreement is an arrangement whereby someone with a good idea for a business (the franchisor) sells the rights to use the business name and sell a product or service (the franchise) to others (the franchisees) in a given territory. A franchise can be formed as a sole proprietorship, a partnership, or a corporation. Franchises provide distinct advantages of starting and managing a small business, but there are potential drawbacks as well.

Therefore, we can conclude that Franchising agreement is the right to use a specific business' name and sell its products or services in a given territory.

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Pam sees that the price of bananas has risen in the grocery store. All else equal, she decides to buy more tangerines than she n

Evgesh-ka [11]

Answer:

It means that tangerines are a substitute good to bananas

Explanation:

Substitute goods are goods that provide the same benefit for the consumer, and therefore, are somewhat interchangeable. When the price of one good rises, then, people flock to the substitutes.

In this case, for Pam, tangerines provide the same benefit as bananas (they are both fruits anyway), and because bananas are now more expensive, she decides to purchase more bananas instead.

6 0

3 years ago

Do you think that some has rights to intellectual property in today’s world?

Mekhanik [1.2K]

If the person created it or is in the family then yes

6 0

3 years ago

the standards for the new galaxy phone specify 4.1 direct labor-hours per unit at $12.10 per direct labor-hour. last month 1,600

hammer [34]

a.The labor rate variance for the month $2,640 (Favorable).

b.The labor efficiency variance for the month $484 (Unfavorable).

<h3>Solution:</h3>

The following is a calculation of labor rate variation and labor efficiency variance:

Variation in labor rates = Actual cost - (Actual hours x Standard rate)

= $77,220 - (6,600 × $12.10)

= $77,220 - 79,860

= $2,640 Favorable

Variation in labor efficiency = Standard rate (Actual hours - Standard hours)

= $12.10 × (6,600 - 1,600 × 4.1)

= $12.10 × 40

= $484 Unfavorable

<h3 /><h3>Direct Labor:</h3>

Direct labor (DL) expenses in accounting are the costs connected with paying people to produce a product or perform a service. Workers must be explicitly involved in the production or delivery of the product or service. One of the costs associated with manufacturing a product or delivering a service is direct labor expenditures. Furthermore, direct labor costs differ from indirect labor expenses.

The following are some examples of direct labor costs:

1.Wages paid to assembly line workers in a manufacturing context.

2.Wages given to restaurant kitchen staff in a service setting.

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4 0

1 year ago

Which one of the following is not a right of common stockholders?a) To share proportionately in all management decisions.b) To s

lozanna [386]

Answer: Option A

Explanation: Common stockholders refers to the holders of common equity of an organisation. These shareholders are actually the owners of the organisation. They have the potential to earn maximum benefit and bear the maximum risk.

They have the right to select the auditor and board of directors but they cannot interfere with the management decisions. This right stands in the domain of the top managers which are appointed by these shareholders.

Thus, we can conclude that the correct option is A .

5 0

3 years ago

Beginning three months from now, you want to be able to withdraw $2,800 each quarter from your bank account to cover college exp

mr Goodwill [35]

Answer:

You will need to have $ 55,006.94

Explanation:

We need first to consider the following details according to the problem

We have a Annuity amount of $ 2900, a Rate(r)= 0.51%, and a Time(n)= 5 years (or 20 quarters ) .

To reach to the money that we would need to have in the bank today to meet the expense over the next four years we use the following formula:

PVA= annuity amount × [1 - (1 / (1 + r)n)] / r

PVA= $ 2900 x[ 1-{ 1/(1+0.0051)20)]/0.0051

PVA= $ 55,006.94

4 0

3 years ago