Answer: A business legally separate from its owners.
Explanation:
A corporation is an organization which is seen legally as being separate from the owner(s). Legally, a corporation is seen as being on its own and therefore can: obtain loans, be Sue, pay taxes etc.
Answer:
Option B is your answer ☺️☺️☺️
Answer:
Explanation:
A sole proprietor is a person who owns, manage, finance and organize a business firm.
It refers to an individual who owns a business that has not been registered as a business entity. Such business includes partnership, limited liability company (LLC) and a corporation.
A sole proprietor is responsible for decision making process of his business and also bears the burden of profit, loss and tax alone.
WHILE
An independent contractor is an individual who works for another individual. An independent contractor provides services to another person but he is not an employee of the other person. An independent contractor is a self employed person who provides professional services to a business organzation.
He is paid based on the amount of work done. Examples of independent contractor includes graphics designer, data analyst, web designer or IT expert.
Answer: Return on sales is calculated based on sales volume and not profit
Explanation:
This can be explained by understanding the scenario; the price that discounters pay is lower than any other channel. Discounters have high variable cost, they only pay $52 for the Russel with 41percent return on sales. They also larger fixed costs than the other channels and the return on sales is calculated based on sales volume and not profit.
Answer:
The correct option is D) Looking across complementary offerings
Explanation:
There are about 6 well-known paths to achieving a <em>Blue Ocean Strategy.</em>
Generally, the Blue Ocean Strategy (BOS) seeks to avoid locking horns with the competition by identifying niche areas that are critical to the attainment of a competition-free space. According to the BOS took kit, there are 6 paths to achieving a blue ocean strategy.
One of them is called looking across complementary offerings.
Another term for the Curve is Value Ramp. Value Ramp simply refers to a methodology for evaluating one's service/product offerings. It consists of a graph that plots a curve sloping upwards from left to right, showing the relationship between price and the value or perception of value being delivered by the business.
The principle offered here stated that the higher the perception of one's brand, the more one should be able to charge for their services.
Value is thought to increase as the business delivers more and more personalized services in a relationship-oriented fashion rather than generic products and services which are readily available off the shelf in most cases.
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