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3 years ago

What are the primary advantages to owning a franchise?

Business

2 answers:

Volgvan3 years ago

6 0

Answer:

Explanation:

Owning a franchise has the following main advantages:

1) A franchise owner gets valuable help throughout the lifespan of the business. Upon acquiring a franchise, the business owner receives a continuous training and assistance necessary for marketing and management.

2) Owning a franchise comes with a low rate of failure. A franchise comes with an established business concept that is already successful in the market which assures the owner of better chances of success compared to starting up an independent business.

zhenek [66]3 years ago

5 0

Answer:

There are several benefits and advantage of owning a franchise, but the most important one is that you are your own boss. If you are a entrepreneur and don't wish to work for someone else anymore, then a franchise is a good choice.

Other benefits include:

You don't need experience in that specific industry, when you purchase a franchise you acquire the franchiser's know-how.
Franchises have a large customer base and brand recognition. Imagine you are Mexico City and you have to choose between eating at Burger King or "El Rey del Burger".
Having a large customer base and brand recognition also comes with a lower business risk. Franchises are safer investments than new companies. Besides you have all the know-how and experience of hundreds or thousands of similar businesses.
Many times you can lower your costs because franchises have a large collective buying power. Imagine how much it would cost a local restaurant to purchase the same toys McDonald's gives in its happy meals.

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It's okay to lower a vehicle onto a high-reach support stand. True or False

liubo4ka [24]

Answer:

False

Explanation:

Use high reach vehicle support stands to help stabilize the vehicle for jobs that involve considerable displacement of weight or that shake the vehicle. Never lower vehicles onto vehicle support stands. If this is done, the stands may push the vehicle off the lift.

5 0

2 years ago

If a borrower can afford to make monthly principal and interest payments of 1000 and the lender will make a 30 year loan at 5 1/

Alexus [3.1K]

Answer:

The the largest loan this buyer can afford is 14,533.75.

Explanation:

This can be determined using the formula for calculating the present value of an ordinary annuity as follows:

Step 1: Calculations of the present value or the loan the buyer can afford for a 30 year loan at 5 1/2%

PV30 = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV30 = Present value or the loan the buyer can afford for a 30 year loan at 5 1/2% =?

P = monthly payment = 1000

r = interest rate = 5 1/2% = 5.50% = 0.055

n = number of years = 30

Substitute the values into equation (1) to have:

PV30 = 1000 * ((1 - (1 / (1 + 0.055))^30) / 0.055)

PV30 = 1000 * 14.5337451711221

PV30 = 14,533.75

Step 2: Calculation of the present value or the loan the buyer can afford for a 20 year loan at 4 1/2%

PV20 = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (2)

Where;

PV30 = Present value or the loan the buyer can afford for a 20 year loan at 4 1/2% =?

P = monthly payment = 1000

r = interest rate = 4 1/2% = 4.50% = 0.045

n = number of years = 20

Substitute the values into equation (1) to have:

PV20 = 1000 * ((1 - (1 / (1 + 0.045))^20) / 0.045)

PV20 = 1000 * 13.0079364514537

PV20 = 13,007.94

Conclusion

Since 14,533.75 which is the present value or the loan the buyer can afford for a 30 year loan at 5 1/2% is greater than the 13,007.94 which is the present value or the loan the buyer can afford for a 20 year loan at 4 1/2%, it therefore implies that the the largest loan this buyer can afford is 14,533.75.

5 0

2 years ago

Refer to the following table to answer the following questions:

sineoko [7]

Answer:

Following are the answer to this question:

In question first, the answer is "Option d".

In question second, the answer is "Option e".

In question third, the answer is "Option e".

In question fourth, the answer is "Option e ".

In question fifth, the answer is "Option b".

Explanation:

Given values:

$Checkable \ deposits = \$ 400,000,000\\Currency = \$ 340,000,000\\Traveler's \ checks = \$ 4,000,000\\Money \ market \ mutual \ funds = \$ 50,000,000\\Small \ time \ deposits = \$ 6,000,000\\Savings \ deposits = \$ 850,000,000\\$

Solution:

$\text{M1= currency +checkable deposits + travellers check}$

= $400000000+$340000000+$4000000

= $744000000

$\bold{\text{M2 = M1 +money market mutual funds + small time deposit+ saving deposit}}$

= $744000000 + $50000000+$6000000+$850000000

= $1,650,000,000

Saving account deposits, which means its amount of money increased throughout the M2 portion regular savings account. So M2 will grow
Its increase in the number of employees may not impact the balance sheet with banks, because each bank maintains its entire cash flow
For banks, loans are investments if they're lending money as a bank to people. So, it's on income statement asset side

3 0

3 years ago

The concept of economic profit is used for making a decision between your two _______ options. Earning zero economic profit is n

tigry1 [53]

Answer:

The concept of economic profit ....... alternative two options.

If economic profit is positive .......... Current option.

If economic profit is negative............ Other option

Explanation:

Economic Profit is the excess of revenue associated with an option, over its costs (explicit external & implicit opportunity costs).

Example : Revenue - Direct explicit cost of production - opportunity cost (like interest on money invested, salary of job left foregone).

The concept is used to make decision between two alternative options. Given, zero economic profits imply indifference.

Positive Economic Profit implies - one should choose Current option, as it will make Better off , having more benefit than other option

Negative Economic Profit implies - one should choose Other option, as it wil make better off, having more benefit than the former considered option.

8 0

3 years ago

During an interview, Garrett makes sure to keep his palms facing upward. What does this suggest to the interviewer?

kodGreya [7K]

I think its A. That he is Honest

5 0

2 years ago

Read 2 more answers