Government Licensing is a barrier to entry. The obstacles or hindrances that make it difficult for new companies to enter a given market are referred to as barriers to entry.
Licenses and permits are government-issued entry barriers. These are typically issued by the government in order to maintain quality while also reducing competition. As a result, it will be difficult for new businesses or individuals to enter.
Barriers to entry generally operate on the asymmetry principle, which states that different firms have different strategies, assets, capabilities, access, and so on. When barriers become dysfunctional, incumbents can keep out virtually all competitors, resulting in a monopoly or oligopoly.
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The following benefits a franchisee enjoys over <u>other small business owners</u> is:
- <u>A. Franchises benefit from the successful marketing provided by franchisors.</u>
- <u>D. Franchises have a lower 5-year failure rate than other small businesses</u>
A franchise is a business that operates by using the services of a franchisor who is in charge of <u>branding the company</u> and a franchisee who uses the name of the brand to do business and <u>pays a royalty fee</u>.
<em>Small business owners</em> are people who do the marketing, branding, packaging and sales by themselves <u>without necessarily involving the services of a marketer</u>.
Some of the benefits of a franchisee over <u>small business owners</u> are the facts that:
- They benefit from the successful marketing the franchisors provide
- They have a lower failure rate after 5 years.
- Therefore, the correct answers are options A and D
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Answer:
Accuracy
Explanation:
Sandra as a production manager is responsible to make a list of material received from the supplier. For an accurate list, it is important that the supplier must provide her with the detail of every inventory they provided along with the recipes. In the previews month, the supplier provided an erroneous list which leaked detail and in this case, her report cannot be considered authenticate or reliable because it lacked accuracy.
Answer:
It is job connection program organized by Career Source Tampa Bay for the youths of Hillsborough. It provides a platform for the unemployed youths of Hillsborough to connect themselves to the potential employers by learning new skills and experiences.
Explanation:
Career Source Tampa Bay is organizing a summer youth job connection program for the year 2021 for the youths of the Hillsborough County. It is summer job connection program for the youth who are aged between 16 to 24. It is organized by Career Source Tampa Bay.
It provides an opportunity for the youths and prepare them with skills and know how about the targeted jobs. It introduces them to real work filed and exposes them to new ideas and experiences and the potential career paths for the future jobs.
