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
.
Let understand that the organized table are intended to calculate missing numbers on Income Statement for the two companies are drawn below.
- Here, we are calculating missing columns for Monty Corp. and Whispering Winds Corp.
- Also understand that the bold numbers are the columns calculated according to the question.
Particulars Monty Corp. Whispering Winds Corp.
Sales revenue $90,000 $111,000
Sales return and allowance <u>$6,000</u><u> </u> <u>$5,000</u>
Net sales $84,000 $106,000
Cost of goods sold <u>$53,760 </u> <u>$65,720</u><u> </u>
Gross profit $30,240 $40,280
Operating expenses <u>$15,120 </u> <u>$19,080 </u>
Net income <u>$15,120</u><u> </u> <u>$21,200</u>
In conclusion, the formulae used to derived the bolded answers are:
- Sales revenue - Net sales = Sales returns and allowance
- Net sales - Cost of goods sold = Gross profit
- Gross profit - Operating expenses = Net income
- Net sales + Sales return and allowance = Sales revenue
- Net sales - Gross profit = Cost of goods sold
- Gross profit - Net income = Operating expenses
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Answer:
Explanation:
The journal entry is shown below:
Finished goods A/c Dr XXXXX
To Work in progress A/c - Waterproofing XXXXX
(Being the completion of the production is recorded)
Since there are 2 steps to make the finished good. The first one is raw material and then process the raw material which we called work in progress account, After processing the product, the goods are ready to the sale which we called finished product.
So, we debited the finished goods account and credited the work in progress account
(C) Direct marketing.
<h3>
What is telemarketing?</h3>
- Telemarketing is a form of direct marketing in which a salesman calls potential clients to ask them to purchase goods or services.
- This can be done over the phone, during a prearranged in-person meeting, or by web conferencing.
<h3>
What is microtargeting?</h3>
- Direct marketing datamining techniques that use predictive market segmentation are part of microtargeting, which is frequently used by political parties and election campaigns.
<h3>What is direct marketing?</h3>
- The act of presenting an offer directly to a target client and providing them with a way to respond immediately is known as direct marketing.
- It is sometimes referred to as direct response marketing among practitioners.
- Advertising, in contrast, is a form of mass messaging.
<h3>What is the sharing economy?</h3>
- The sharing economy is a socioeconomic structure based on capitalism that emphasizes resource sharing.
- It frequently involves a different method of buying goods and services than the conventional business model, which involves employers hiring workers to create commodities that are then sold to customers.
Therefore, the correct answer is (C) Direct marketing.
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7. Option b. Consideration is mutual i.e. both parties get something in the return for the performance of the contract. However, Esmeralda has not given consideration in exchange.
Esmeralda was given the chance to audition for the Performing Arts High School which she succeeded in. She then moved to New York and attended School, studying drama and dance.
Esmeralda Santiago wrote her autobiography "When I Was Puerto Rican" which narrates her and her family's life moving from Puerto Rico to America. The book also follows the Puerto Rican girl through the many obstacles that she had to endure and overcome to change her life.
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