The primary advantages for most companies entering the realm of franchising are capital, speed of growth, motivated management, and risk reduction
Answer:
George is on a<u> fixed interval</u>
Mai Ling is on a <u>fixed ratio</u>
Explanation:
A schedule is the delivery rate or frequency of a booster.
A fixed interval refers to the amount of time the reinforcement delivery rate has occurred over a predictable period of time, such as George, who is paid weekly for his work.
A fixed ratio occurs when rewards are delivered on a consistent schedule basis. As in the case of Mai Ling who gets paid after certain completed tasks, which corresponds to the number of tasks she performs to receive certain reinforcement.
Answer:
D. Government Policies are the primary forces that guide decisions of firms and households .
Explanation:
Market Economy has factors of production owned , controlled & opereated by private sector . There is entire private ownership , with profit maximisation goal . All production , consumption & distribution takes place on basis of pure market forces - (demand & supply) . It is also called Capitalist Economy .
As mentioned : a) Hiring , Production decisions taken by independent private firms b) The free market 'Invisible Hand' guides self & social welfare c) Households take labour supply & goods consumption decisions - All these decisions taken independently by private producers & personal consumers , unintervened by government
D) Government policies guiding firms & households decision is not applicable to Market Economy , since there is no government intervention in this type of economy .
Answer:
below the break even point, the firm is losing money.
Explanation:
The break even point is the output level at which the firm's revenue equals its costs. Above this level, the firm is operating at a profit, below this level, the firm is operating at a loss.
The formula for calculating break even point in units produced is:
break even point in units = total fixed costs / contribution margin per unit
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