Noun
a reduction in the value of an asset with the passage of time, due in particular to wear and tear
Answer: Option B
Explanation: Monopolistically competitive structure refers to a market structure depicting a combination of monopoly and perfect competition. In such markets there are large number of small sellers but due to minor differences in product, different firms can charge different prices.
In the given case, also different restaurants are charging different prices due to their different service offerings.
Thus, from the above we can conclude that the restaurant best illustrates monopolistically competitive structure.
Answer:
Franchising.
Explanation:
Franchising is an effective way to enter into market when a person has few or no knowledge about the market conditions. This is most suitable for food chains as there is no or minimum changes required for the operations. It is safe option for new entrants.
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Answer:
Attached below is the required flowchart
Explanation:
Process used in placing an order
- Registration/signing up of user
- selection of goods by user
Process for filing the Order
- picking the exact quantity and type of goods
- placing order on selected items
- checking out
process for receiving payment
- Paying for goods that are Pay before delivery
- Cancellation of order incase order was not fulfilled