After creating a new product line, it's time to launch it into the marketplace to see what costumers think. A blind attempt to sell a product only results in frustration and lost profits, so careful planning is must. <span>New products can be a huge success, but clear marketing goals are key to entering the hearts and minds of the buying public. A realistic outlook about the product line, and the amount of work necessary to publicize it, is also important. Use forethought and strategy to build a strong marketing plan that will catapult a new idea to prominence.</span>
Answer: When a company is able to offer a good product and enjoy strong customer demand, a franchise owner not only is able to take advantage of the corporate identity but its strong customer base, as well.
A franchise is a kind of a license which allows the party who acquires it (franchisor) access to an business' (franchisor's) proprietary knowledge and processes in order to sell products or provide services under the franchisor's name.
A franchisee associates itself with a well proven business model and gains access to the franchisor's customer base. Additionally, the franchisor provides assistance by training the franchisee and his personnel to provide a uniform product or service experience to customers across all the stores.
All these factors help in eliminating business risk and this constitutes a real advantage to a franchise.
Answer:
(d) $26,000
Explanation:
The computation of the direct material cost is shown below:
= Fabric used to upholster furniture + Lumber used to build product + Freight in (raw materials)
= $8,000 + $15,000 + $3,000
= $26,000
The other cost which is mentioned in the question is related to direct labor, overhead cost, etc. Thus all other costs should be ignored.
Answer:
Present Value= $978.83
Explanation:
Giving the following information:
An investment will pay $150 at the end of each of the next 3 years, $100 at the end of Year 4, $400 at the end of Year 5, and $450 at the end of Year 6.
i= 0.09
We need to use the following formula:
PV= FV/(1+i)^n
For example:
Year 1= 150 / 1.09= 137.61
Year 4= 100/1.09^4= 70.84
Year 6= 450/1.09^6= 268.32
PV= 978.83
Answer:
Network architecture refers to the layout of the network, consisting of the hardware, software, connectivity, communication protocols, and mode of transmission (i,e. wired or wireless). This FAQ will introduce you to the concept.
I hope this answer helps you>>>>
