Answer: Franchise
Explanation: In simple words, a franchise refers to an arrangement under which one entity allows other entity to use its business models, procedures and intellectual properties etc, in return of any loyalty or other such benefit.
This is a common arrangement nowadays and is usually used by the organisations to operate their business globally.
Hence from the above we can conclude that the correct answer is franchise.
People are more creative and produce more ideas when they are in a good mood.
Answer: social responsibility of business to customers
Explanation:
social responsibility of business is the voluntary roles which business play in the society
It is the moral obligation that business owes the society, in other words, it refers to the ways in which business enterprises could assist to develop the local communities in which they operate.The business can have responsibilities towards the following
Owners : The business has it as a responsibility to protect the investment of its owners. It has to ensure that a reasonable return is earned on such investment, in addition, efforts must also be geared toward ensuring the growth of the business.
Customers : The business responsibility to their customers include the production and distribution of high quality goods and services advertising correct and not defective goods and services, labelling goods clearly and correctly, offering and explaining credit facilities and adopting after sales services. The business must recognize that the ultimate success or failure of the business rest to a large extent with the customers, The business must ensure that they do not sell to their customers fake product or produce products which may be injurious to the health of their customers.
Employees : The employees are the Labour component of the factors of production, the responsibility of the business to their employees is to pay commensurable salaries and provide satisfying work ,job security and good working conditions for their employees.
Creditors : The creditors are those individuals or organizations whom the business owe money.It is the responsibility of the business to repay these debt as they fall due.It is equally essential for business to cultivate a good culture of debt management.
Government : The business has a responsibility to obey the various government laws guiding business operations. It must also pay its taxes at the right time and contribute to the economic development of the country.
Answer:
Option (a) is correct.
Explanation:
Amount paid for house three years ago = $85,000
Selling price of house today = $110,000
Therefore,
Property appreciated by following percentage:
= (change in value ÷ Amount paid for house three years ago) × 100
= [($110,000 - $85,000) ÷ $85,000] × 100
= ($25,000 ÷ $85,000) × 100
= 0.2941 × 100
= 29.41%
Answer:
True
Explanation:
The effects of both changes on price is as follows:
1. The Greater Effect - change in demand due to the falling price of natural gas (a substitute for oil)
As price of natural gas, a substitute for oil, falls, demand for oil will fall pushing oil producers to respond by cutting crude oil prices in a bid to sustain demand and prevent its fall. <em>Thus, the effect is a price fall</em>.
2. The Lesser Effect - change in supply due to disruptions in oil-well operations in the Middle East
Due to supply disruptions which will result is a reduction in supply, the price of oil will tend to increase as consumers buy more of a commodity in less supply. <em>Thus, the effect on price is a rise</em>.
There, since the greater effect is a price fall, and the lesser effect is a price rise, equilibrium price is expected to fall.
