Answer:
C.
Explanation:
Supply chain management is the management of the flow of goods and services, finances and information and includes all processes that transform raw materials into final products.
Contingency planning is designed to help an organization respond effectively to a significant future event or situation that we don't know if it will happen.
Demand chain management is similar to supply chain management but more complex, where upstream and downstream relationships between customers and suppliers need to be managed to deliver the lowest cost to the customer across the entire supply chain.
Enterprise resource planning is the integrated management of main business processes,
Answer:
Inventory Cost = $14,500
Explanation:
Using the lower of cost or market method implies firstly valuing the inventory at the purchased cost (historical cost). But as the value of a good can change and if the price at which the inventory can be sold falls below its net realizable value the loss (and new value) must be recorded. It is a method for adjusting asset values in subsequent reporting periods.
Answer:
The correct answer would be option C, He will be able to gain knowledge and support from the hotel business to run the franchise.
Explanation:
Franchise is basically a contract between two parties in which one of the party who is owning the business is ready to sell his business rights to use its name and products to the other party. The other party can open the same business with the same name and products or services and run that business. In this type of contract, a continuous help and support is given to the franchisee to run the business. So if John being an entrepreneur wants to enter into the franchise contract, then he will surly be able to gain knowledge and support from the hotel business to run the franchise.
Franchising is the practice of paying a company to use its name, resources and operation systems.
