Answer:
(A) market saturation
Explanation:
A franchisee starts a new franchise by entering into a franchising agreement with a franchiser to use its brand name and sell its products. The biggest challenge faced by this new franchise is market saturation.
This occurs because<u> the presence of other similar businesses, whether franchises or independently owned businesses in the market, creates lots of competition for the new franchise.</u>
Answer:
C. Collusion
Explanation:
When two or more businesses work together to remove their competition, set prices, and control distribution, it is called "collusion".
Collusion is known to be a secret which os seen as illegal agreement between rivals. These rivals conspire to work together in order to achieve and acquire unfair market advantage.
Any act that's effected by collusion is considered to be "void".
Answer:
Dispatch/Deployment
Explanation:
Dispatch/Deployment is the 11th management characteristic of NIMS and relates to when <u>resources should be deployed only when requested or when dispatched by an appropriate authority</u> through established resource management systems.
In the scenario we see that the supervisor directed the staff to checkout only when requested, secondly <u>he did so with an appropriate authority</u> because his own boss - the American Red Cross Disaster Operations Supervisor <u>has directed you to begin re-assigning shelter staff personnel</u>
Answer:
D.
Explanation:
Firms will hire more labor when the marginal revenue product of labor is greater than the wage rate, and stop hiring as soon as the two values are equal.
Answer:c. continue to operate her business, but in the long run she will probably face competition from newly entering firms
Explanation:
Monthly revenue = $4500
Monthly Variable costs = $1000
Monthly Revenue is higher than Monthly Variable Costs, Susan's catering business will earn an economic in the short run. SHE should continue to operating.
Susan will face competition in the long run because other firms will want to enter the market because of economics profits in the catering industry.
