Answer:
Franchising.
Explanation:
Franchising is an effective way to enter into market when a person has few or no knowledge about the market conditions. This is most suitable for food chains as there is no or minimum changes required for the operations. It is safe option for new entrants.
Answer:
the bad debt expense reported is $23,040
Explanation:
The computation of the bad debt expense reported is shown below:
= Estimated losses arise from uncollectible accounts - credit balance of allowance for uncollectible accounts
= $26,880 - $3,840
= $23,040
Hence, the bad debt expense reported is $23,040
The above formula should be used for calculating the bad debt expense
Answer:
0%
Explanation:
Given that,
Growth rate of money supply = 3% per year
Real GDP growth rate = 3% per year
Velocity = Constant
According to the quantity growth theory of money,
M + V = P + Y
where,
M = Growth rate of money supply
V = Velocity
P = Inflation rate
Y = Real GDP growth rate
M + V = P + Y
3% + 0 = P + 3%
3% - 3% = P
0% = P
Therefore, the inflation rate is 0%.
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Answer:
d. All of the answers are correct
Explanation:
A business strategy is the strategy for the entire business, which aims at sustainable growth, long term growth perspective, aiming growth of owners, increasing capital and worth of firm.
Thus this strategy includes all the projects feasible, whether long term or short term , current opportunities available, and the strategy is designed based on the nature of the business.
Thus, all the stated statements are True
d. All of the answers are correct