Answer:
B. business format franchise
Explanation:
Under the business format model, the franchisee adopts the entire business operating systems of the franchisor. It means that the franchisee uses the franchisor's trademark, plans, and procedures. Goods and services offered by the franchisee will be identical and will bear the same prices as those of the franchisor.
Joseph plans to operate a business format model of a franchise. The franchisee will have to meet Joseph's standards of operations. For that to happen, Joseph must provide the following.
- Initial training
- Standardize build-out plans
- Operations manuals
- Continuous support
- Point-of-sale system education
- Key functionalities
Joseph has a responsibility to ensure the franchisee adhere to the standards agreement. It means he will have a supervisory role in management for the franchisee.
In return, Joseph will be earning commissions from each franchisee based on the income of each of them.
It’s actually VERY IMPORTANT! To me it seems like this person has got their whole life together. Most people who do this have to sacrifice something. This person doesn’t. They can spend time with family and be able to do your personal activities without having to sacrifice anything. It takes someone with strong willpower, consistency, and persistence to be able to do that.
Answer:
a. Each purchase and sale of inventory is recorded in the inventory account
.
Explanation:
There are two main methods of recording inventory, periodic and perpetual.
Under periodic, inventory is recorded and updated after a certain defined period, for example, end of every week.
Under perpetual inventory system, the inventory is recorded as and when it is sold or purchased, it is updated each moment.
Therefore, statement a representing that under perpetual system the record of inventory is up to date, and represents the correct and accurate picture of inventory is correct.
Answer: C. Maintain a 50-50 balance between monetary and non-monetary rewards and a 50-50 balance between positive and negative incentives.
Explanation:
Employees generally prefer to be paid for their hardwork and so would prefer that their rewards are more monetary in nature than not. As good as non-monetary rewards are, they should not be on equal footing with monetary rewards. If they are, it could demotivate employees who will feel they are not getting paid their fair share.
Negative incentives get the job done but more often than not fail to positively motivate employees in such a way that they will bring out their best efforts. Negative incentives are more like punishments or the threat of them and so if they are on equal footing with positive investments, organization members will not be as motivated.
managers must launch a concerted, ongoing effort to ferret out cost-saving opportunities in every part of the value chain, for example, cost drivers such as number of products in the product line, capacity utilization, production technology and design, and labor productivity and compensation costs.
Answer: Option A.
<u>Explanation:</u>
A low cost provider tries to sell its items at the most minimal value it can, while as yet causing a benefit so it to can attract clients to the market. This is the wide form of the ease methodology on the grounds that such organizations attempt to engage an expansive market.
A low cost approach is more than just an open door for current clients to purchase similar products for less. Offering a constrained scope of items without settling on quality is another basic mainstay of some minimal effort plans of action.