Gerald is assessing global entry strategies for his gourmet sandwich business. He does not want to take a lot of risk and he is willing to limit his control of international stores. Gerald will likely use a(n) __________ strategy.
Select one:
a. direct investment
b. franchising
c. exporting
d. joint venture
e. strategic alliance
Answer:
b. franchising
Explanation:
For a food business like a gourmet sandwich business, the best global entry strategy Gerald will likely take that involves low risk and limit in control of international store is franchising strategy.
Franchising, which involves a contract that allows one company to use the brand and concept of another company, guarantees getting customers and retention of customers. The image of the product offered would be created in current and potential customers
.
Money is a medium of exchange when: it is used to facilitate trade between buyers and sellers.
a. it is used to facilitate trade between buyers and sellers.
<u>Explanation:</u>
Money is a medium of exchange when there is a need trade between the buyer and seller. It is the medium of exchange.
The buyer will buy something from the seller and in return will exchange money which the seller will further use to buy something that he needs.
Therefore, Money is considered as the source of income and is considered as a medium through which exchange activities can take place.
Answer: Supplier dependence
Explanation:
Supplier dependence is the extent to which a firm (buyer) relies on the product of another firm (supplier) because of the importance of the supplier's products to it's own manufacturing process. The degree to which a buyer is dependent on a supplier's product is largely affected by the difficulty of accessing such products from another seller. In this case, 97% of this rare-earth materials are supplied by Chinese firms, the ban will greatly affect Hitachi manufacturing process.
Answer:
The correct answer is letter "B": there are four phases: peak, recession, trough and expansion.
Explanation:
The business cycle refers to the fluctuations that an economy faces throughout the economic activity. It consists of economic expansions or periods of growth and contractions or periods of economic decline. When the expansion reaches its peak there is usually a downturn followed by a contraction in the economy. The point where the economy starts to recover is called trough after which expansion takes place repeating the cycle.