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noname [10]
2 years ago
9

The supplier in the franchise relationship is known as a _______, while the _______ gains the right to sell products in exchange

for some type of consideration.
Business
1 answer:
Iteru [2.4K]2 years ago
6 0

The supplier in the franchise relationship is known as a franchisor while the Franchisee gains the right to sell products in exchange for some type of consideration.

<h3>What is Franchising?</h3>
  • Franchising is based on a marketing idea that a company can use as a strategy for business growth.

  • In cases where it is used, a franchisor grants a franchisee a license to use all or part of its intellectual property, operating methods, business model, brand, and rights to market and sell its branded goods and services.

  • In exchange, the franchisee agrees to pay specific fees and adhere to a number of conditions, which are normally outlined in a franchise agreement.

  • The conventional arrangement in which the franchisee is an individual, unincorporated partnership, or tiny privately-held business ensures the franchisor has significant legal and/or economic advantages over the franchisee, making franchising rarely an equal partnership.

To learn more about Franchising, refer to:

brainly.com/question/3687222

#SPJ4

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Probett’s Garage uses 120 boxes of cleaning cloths a year. The boxes cost $6 each. Ordering cost is $3 and holding cost is 10 pe
faust18 [17]

Answer: $730.2

Explanation:

Let the total cost of cleaning clothes = X

Other variables include:

Total cost of boxes = $6×120

=$720

Ordering cost =$3

Holding costs = (10/100 ×6)12

=$7.2

Total costs of cleaning clothes =

The cost of boxes+ordering cost+holding cost

=720+3+7.2 = $730.2

3 0
3 years ago
In a process operation, each process has a separate department which will accumulate costs for each of the following: Multiple s
Keith_Richards [23]

Answer:

overhead

direct labor

direct materials

Explanation:

Process operations can be regarded as process manufacturing it can be explained as mass production method that is been followed when producing products following a continuous flow.

It can be regarded conveyer belt system which brings about production of identical as well as standardized item with fast rate as regards the speed. It should be noted that In a process operation, each process has a separate department which will accumulate costs for ;

✓overhead ( ongoing costs that is gotten in operation of a business)

✓direct labor

✓direct materials

6 0
2 years ago
A bank agrees to lend via simple loan $100 today to Thomas. The agreement is based on that the yearly interest rate is 15%. If T
Ede4ka [16]

Answer:

$404,55 (cumulative) or $250 (american)

Explanation:

This explanation considers a cumulative interest rate in the simplest way. And american amortization system. Consider that there is also French and German systems which works differently depending on the way the loan reimbursed

Cummulative Interest Rate:

Consider this:

If Thomas had to return it in one year he would have to return $115 ($100+15%) which is equal to 100*(1+0.15)

Now, at the begining of the second year, his debt is $115, and at the end its $115+15% = 132,25.  Which is equal 100*(1+0.15)*(1+0.15), this is equivalent to 100*(1+0.15)^{2}

The general formula for cummulative interest is C(1+i)^{n}

Where

C = is the loan amount [in this case: 100]

i = is the interest rate [in this case: 0.15]

n = is the number of periods until [in this case: 10]

American System

The american system is quite straight forward:

Thomas should pay $15 every year for 10 years, and with the last payment he should pay $115.

This is because in this system Thomas returns the capital (the amount of the loan) at the end; and each year he only pays the interest .

$15*10 + $100 = $250

7 0
3 years ago
When sun-2-shade needed some information about the potential market for their product, the marketing team looked to the internet
Alenkasestr [34]
The type of information the marketing team was using is referred to as the secondary data or information. The secondary data is a type of data which is gathered for other purposes and not the original one. The examples of this are internet, news, and books.
6 0
3 years ago
What is the typical relationship between time and interest rate?
melamori03 [73]
<span>Time and interest rates are directly related to one another. When paying a loan that accures interest, the longer it takes for you to pay the loan back, the more interest you are going to pay on that loan. Over time, the interest adds up and can be a large sum of money, if you want to pay a lower amount of interest, it is often beneficial to pay off the loan in a quicker amount of time. </span>
3 0
3 years ago
Read 2 more answers
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