<u>Franchisers are firms that have their product created, designed, financed, and initially produced in the home country but rely heavily on foreign personnel for further production, marketing, and human resources</u>-This Statement is True
Explanation:
<u> A franchiser is a type of organizational structure where a product is created, designed, financed, and initially produced in the home country, but for the product specific reasons like cost or product perishiability it relies heavily on foreign personnel for further production, marketing, and human resources</u>
<u>Some example of the companies that follow this concept are McDonald's,Coca-Cola.</u>
Answer:
a and b
Explanation:
A perfect or pure competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
Due to maximum competition in a pure competition, it is the lowest cost to the buyer.
Pure competition is efficient because, goods are priced at equilibrum
Answer: commercialization
Explanation:
Concept testing is the stage at which survey is being carried out for a particular product. This is done in order to know how consumers will accept a new product before such product is finally introduced to the market.
Since the product has passed the concept testing, the next step will be commercialization. This is when the product is then introduced and the business is managed in order to make profit.
Answer:
-travel agency
Explanation:
The food and beverage industry is made up of establishments whose core business is preparing meals, snacks, and beverages as per customers' orders for immediate consumption in or off the premises. A school cafeteria, McDonald's inside a Walmart, and restaurant inside a shopping mall will fit into the food and beverage industry's definition.
A travel agency is best placed in the tours and travels industry.
Answer:
- <em>The annual annuity payment (PMT) will be </em><u>$750.00</u>
Explanation:
The value of a <em>annuity payment</em>, A, is equal to the present value of the future payments.
When the interest rate,r, and the <em>annual annuity payment (PMT) </em>remain constant over the entire life of the annuity, the formula for the value of the annuity is:
![A=PMT\times \bigg[\dfrac{1}{r}-\dfrac{1}{r(1+r)^{t}}\bigg]](https://tex.z-dn.net/?f=A%3DPMT%5Ctimes%20%5Cbigg%5B%5Cdfrac%7B1%7D%7Br%7D-%5Cdfrac%7B1%7D%7Br%281%2Br%29%5E%7Bt%7D%7D%5Cbigg%5D)
To caculate PMT substitute:
- A = $3,806.77
- r = 5.00% = 0.05
- t = 6 years
![\$3,806.77=PMT\times \bigg[\dfrac{1}{0.05}-\dfrac{1}{0.05(1+0.05)^{6}}\bigg]](https://tex.z-dn.net/?f=%5C%243%2C806.77%3DPMT%5Ctimes%20%5Cbigg%5B%5Cdfrac%7B1%7D%7B0.05%7D-%5Cdfrac%7B1%7D%7B0.05%281%2B0.05%29%5E%7B6%7D%7D%5Cbigg%5D)
Compute and solve for PMT:
![\$3,806.77=PMT\times \bigg[20-14.9243079\bigg]\\\\\\PMT=\$3,806.77/5.07569207=\$750.00](https://tex.z-dn.net/?f=%5C%243%2C806.77%3DPMT%5Ctimes%20%5Cbigg%5B20-14.9243079%5Cbigg%5D%5C%5C%5C%5C%5C%5CPMT%3D%5C%243%2C806.77%2F5.07569207%3D%5C%24750.00)
