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Galina-37 [17]
1 year ago
15

Randy has established a successful fast-food restaurant chain named randy’s in the united states. He currently has 12 locations

across three states. He’d like to expand his brand to asia, but does not have the capital to do so. He’s also wary of the risk of failure, especially because he is not very familiar with business in asia. If you were consulting randy, what route would you advise against?.
Business
1 answer:
Naya [18.7K]1 year ago
8 0

The advised way for Randy to expand his brand to Asia would be through licensing the sale of selected food products in some Asian fast-food establishments.

<h3 /><h3>What is an effective expansion strategy like?</h3>

It is essential that an organization that wants to expand its business globally is aligned with the local market, for this it is essential that the company develops market research for target audience segmentation and identification of desires, needs and preferences.

It is also essential that there is an adaptation in communication and in products and services in a new market, as cultural differences can directly impact the success of the business. In addition to correctly following local legislation.

Therefore, product licensing is a cheaper strategy that can help Randy identify the acceptance of his products in the Asian market, improving his decision-making regarding the expansion of the business.

Find out more about expansion strategy here:

brainly.com/question/14546783

#SPJ1

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3 years ago
i need to know whether you are able to perform the following functions of the job, revising existing marketing materials, promot
Natalija [7]

I want to know if you're capable of updating current marketing materials, promoting the business at trade fairs, and contacting potential clients through direct mail campaigns.

How do you recognize prospective clients?

Divide Up Your Potential Clientele. The first step in locating and comprehending your potential consumer base is segmenting your current customer base.

Research rivals.

Create a marketing plan for a healthy brand.

Recognize Changing Consumer Demands and Behaviours.

Customer and potential customer definitions

Customers are current users who consume our products, services, or other offerings and express interest in our brand. Potential clients are individuals who haven't yet used our services but are likely to be interested clients in the future.

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6 0
1 year ago
A product's demand per period is normally distributed with a mean of 100 and standard deviation of 10. The in-stock probability
BigorU [14]

Answer:

A) It will increase.

Explanation:

As we know that the safety stock is directly proportional to the lead time that means if the safety stock rises than the lead time is also increased and if the safety stock decreased than the lead time is also decreased.

So, in the case when the lead time rises so expected on hand would also increased

hence, the correct option is A

And, the rest of the options are incorrect

6 0
3 years ago
In a period of rising prices, the inventory method that produces the lowest ending inventory is the:
Dmitry [639]

Answer:

LIFO Periodic method

Explanation:

The LIFO means Last In First Out this means that item that have been stocked today would be sold first although there’s still some inventory from previous periods.

Using LIFO would result in lower ending inventory because closing inventory would be valued at low price which they had been bought assuming that there’s now a hick in price and goods in the warehouse were stocked when prices were low.

LIFO is used for the manipulation of profit.

8 0
3 years ago
based on this information, the amount of overhead allocated to a job that used 300 direct labor hours is $
Amiraneli [1.4K]

The amount of overhead allocated to a job that used 300 direct labor hours is $900.

<h3>Overhead allocated:</h3>

First step is to calculate the predetermined overhead rate per direct labor hour

Using this formula

Predetermined overhead rate=Estimated manufacturing overhead/Estimated direct labor hours

Predetermined overhead rate=$450,000/150,000

Second step is to calculate the overhead allocated

Overhead allocated=Predetermined overhead rate × Direct labor hours

Overhead allocated=$3×300

Overhead allocated=$900

Inconclusion the amount of overhead allocated to a job that used 300 direct labor hours is $900.

Learn more about overhead allocated here:brainly.com/question/15739613

3 0
2 years ago
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