Answer:
A royalty is a fee that the franchisee has to pay the franchiser for trading under its name.
Explanation:
A franchise operation is when one party (franchiser) allows another party (franchisee) access to it’s proprietary knowledge, trademark and processes in order to allow the party to sell a product or provide a service under the business’s name. A common example of a franchise operation are KFC outlets across the globe.
A royalty fee is a fee that the franchisee has to pay the franchiser on a common basis such as quarterly or annually for trading under its name. It is generally calculated as a percentage of gross sales. In this case the royalty fee would be 5% of gross sales.
Answer:
the firm should have sold less output in the local market, and more output on the internet auction site.
Explanation:
Based on the scenario being described within the question it can be said that in order to maximize profits the firm should have sold less output in the local market, and more output on the internet auction site. This is because marginal revenue indicates the additional revenue that will be generated by increasing product sales by one unit. Therefore since the internet auction site's marginal revenue is higher than the local store, it means that selling more units in the internet site will lead to more profit than the local market.
Answer:
$15,960
Explanation:
The total profit on units sold for the consignor:
= Sales Value - Cost of Goods Sold - Shipping Expenses - Commission - Advertising Expenses - Installation and setup costs
= (40 × $720) - (40 × $220) - [$1,850 × (40/50)] - ($28,800 × 5%) - $470 - $650
= $28,800 - $8,800 - $1,480 - $1,440 - $470 - $650
= $15,960
Answer:
Stocks is the type of investments that offers both capital gains and interest income.
Correct/Complete Question: Labor and employers agreed to a new "social contract" that included all of the following provisions EXCEPT:
A) employers required the National Association of Manufacturers to accept the right of workers to organize unions.
B) unions left decisions regarding capital investment in management's hands.
C) unions left decisions regarding plant location in management's hands.
D) employers granted wage increases.
E) employers extended pensions and health insurance to workers.
Answer:
A, employers required the National Association of Manufacturers to accept the right of workers to organize unions.
Explanation:
A social contract is an agreement made between the superiors and subordinates defining the rights and duties of both parties. Since this contract has spelt out the duties of each, the Manufacturer's Association doesn't expect workers to set up unions.
i hope this helps.
