<span>Sphericals, Inc.'s approach is called Liscensing.
In liscensing method, the foreign companies will had the full freedom to determine what marketing method that they use and the resource management while the owner of the licensing will receive some percentage of the sales at each period.</span>
Answer:
true
Explanation:
A large percent of small businesses fails during its first years of operation, 20% fail by the end of the first year and 50% fail by the end of the fifth year. It is also true that common or easy to set up businesses also have low growth prospects, and face much more competition.
Every new business starts with an idea, and common ideas are "common" because many people have them. A bar is a relatively common type of business in the US, there are over 62,000 open. The total number of bars have been decreasing since there is so much competition, and unless a business is able to differentiate from the rest, they are simply one more.
Unique ideas that result in innovative businesses generally have a better chance of not only staying open, but also growing at much higher rates.
$15,000 will be the amount of gross profit reported in year 2 because of the error.
<u>Explanation</u>:
- For year 1, the accountant at Talisman recorded $15,000 as ending inventory by mistake. After that also talisman didn't recognize that it was a mistake. It was entered into the records.
- Same as the first year $15000 was entered as inventory for the second year. Because of the error entered in the first year records were inserted into the second year. So this is the amount of gross profit reported in year 2.
The word referred to above is called the Fairtrade Mark. The purpose of this mark is to enable consumers to encourage sustainable farming practices by buying produces that has such a mark.
<h3>Who issues the Fairtrade Mark?</h3>
The Fairtrade Certification which is issued by a third-party auditor called FLOCERT is used to identify companies that have manufactured products that comply with Fairtrade's international standards.
The Fairtrade mark standards look at three major areas:
- Environmental Standards
- Economic standards
- Social standards
Please see the link below for more about Fairtrade Mark:
brainly.com/question/797907
