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.
The correct option is, (d) study all of its internal resources with an understanding of which capabilities offer value to meet the needs of U.S., Japanese, European, and Korean automakers.
<h3>What will happen in theory if a company is able to align its strategy and structure?</h3>
- A business is debating altering its organizational structure in order to capitalize on a consumer trend.
- The business recognizes the potential revenue that could result from this new consumer behavior, which is very profitable.
<h3>Which of the following is an example of an intangible company resource?</h3>
- Trademarks, goodwill, and patents are a few examples of intangible assets.
<h3>Why is IT important for a company to align its IT strategy to business strategy?</h3>
- IT strategy and business goals should be coordinated to ensure that everyone is on the same page and working toward the same objectives.
- This helps to guide and inform decision-making.
- IT systems are more likely to be useful, well-used tools when they are chosen and implemented in accordance with an organization's strategic goal.
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Answer:
Structural unemployment occurs because workers lack the requisite job skills or live too far from regions where jobs are available and cannot move closer. Jobs are available, but there is a serious mismatch between what companies need and what workers can offer.
Explanation:
Answer:
January Overheads are <u>under-applied</u> by $2,000.
Explanation:
When,
Actual overheads > Applied overheads we say overheads are under-applied.
Actual overheads < Applied overheads we say overheads are over-applied.
Where,
Applied overheads = Predetermined overhead rate × Actual Activity
Therefore,
Applied overheads (January) = 120% × $40,000
= $48,000
Actual overheads (January) = $50,000.
Conclusion
It can be seen that from the above : Actual overheads : $50,000 > Applied overhead : $48,000, therefore overheads were under-applied.
Amount of under-applied overheads = $50,000 - $48,000
= $2,000
