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IgorC [24]
3 years ago
7

Bob and Rob have started a food delivery business together called Grub Galore in their college town. They have not incorporated

their business and they run it from​ Bob's basement and garage. Grub Galore is an example of which form of business​ ownership?
Business
1 answer:
Neko [114]3 years ago
5 0

Answer:

Partnership Business

Explanation:

Partnership business is a business enterprise owned, managed and financed by a minimum of two individuals for the purpose of making profit.

Grub Galore is owned by Bob and Rob which makes it a partnership business.

Advantages

1) Profit is shared by partners only.

2) It is financed by more than one person which makes capital more available.

3) Decision making is faster company to limited liability companies

Disadvantages

1) Loss is shared among partners only.

2) Death of one partner might lead to the end of the business.

3) Disagreement between partners might end the business.

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Phil Bord is a CEO for a large auto manufacturer and is interested in improving the product quality. Phil had overheard his frie
Setler [38]

Answer:

Six sigma quality is the result of a well-defined and structured process.

Explanation:

Six Sigma is a methodology to improve processes that helps to concentrate in avoiding the constant changes in them eliminating problems in products delivery and customer service, among others. A key point is that the client is really important  and it is crucial that the processes fulfill the clients requirements.

5 0
3 years ago
What kind of consumer is a human in the food chain??
djyliett [7]
Predator, because thats pretty much all we do.
7 0
3 years ago
Which of the three limitations of the Payback Rule can be overcome with a modification to it? Gives equal weight to all cash flo
gogolik [260]

Answer:

Gives equal weight to all cash flows arriving before the cutoff 

Explanation:

The payback period measures how long it takes for the amount invested in a project to be recovered from a project.

A project with a shorter pay back period is favoured over projects with longer payback periods.

The payback period gives equal weights to all cash flows before arriving at a cut Off. The discounted payback period remedies this by discounting cash flows.

I hope my answer helps you

7 0
3 years ago
Read 2 more answers
"A company has a defined benefit pension plan for its employees. On December 31, year one, the accumulated benefit obligation is
tester [92]

Answer:

$6,100

Explanation:

Data given in the question

Accumulated benefit obligation = $45,900

Projected benefit obligation = $68,100

Fair value of the plan assets = $62,000

So, by considering the above information, the benefit plan recognized is

= Projected benefit obligation - fair value of the plan assets

= $68,100 - $62,000

= $6,100

Hence, the accumulated benefit obligation is ignored

7 0
3 years ago
A large software manufacturer attempts to lock in customers by making it difficult for them to substitute their software with on
SSSSS [86.1K]

Answer:

D. Switching cost strategy

Explanation:

The software manufacturer has incorporated the use of switching cost strategy by making it difficult for customers to substitute their software product for another.

Switching costs: it is also known as switching barrier. This is a the cost incurred by the customer as a result of changing brands, product, services or suppliers.

The higher the cost of switching; the lesser a customer would be willing to switch between brands, the lower the switching cost; the higher the customer would be willing to switch between brands.

Switching cost includes:

• Psychological cost: This is the cost of a customer deciding whether the new product or services would be better than the old product

• Effort-based cost: This refers to the effort a customer will put in while switching brands such as the paperwork involved.

• Time cost: The amount of time used while a customer is switching product

Strategies used by firms to discourage its customers from switching

1. Charging a high cancellation fee for service cancellations.

2. Adopting a lengthy cancellation process for service cancellations.

3. Requiring significant paperwork for service cancellations.

5 0
3 years ago
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