Answer:
b. location clustering near high traffic flows
Explanation:
Proximity to customers is a major consideration when deciding on a business location. A business situated in areas with many potential customers has a high probability of succeeding. Restaurants are usually strategically situated in places with heavy customer flow.
Restaurants may be established near offices, in market places, near public transport terminus, or other location convenient to customers. With time, customers tend to associate that particular building, area, or street with restaurants. As the area becomes synonymous with restaurants, more customers will visit it, leading to more restaurants to open in that locality.
<u>Full question:</u>
Joel and Mike would like to start a new business selling a product new to the U.S., the Peraves Monotracer. Joel and Mike have done a considerable amount of research on this product, and think it would be successful in the U.S. However, they are still concerned about the risk of a new venture and both would like to avoid losing any personal assets. They should organize their firm as a
Multiple Choice
corporation.
limited partnership.
general partnership.
sole proprietorship.
<u>Answer:</u>
They should organize their firm as a
corporation.
<u>Explanation:</u>
A corporation is a kind of business process that represents the business as a separate, legitimate entity managed by a group of directors identified as the board of directors.
An essential component of a corporation is confined liability, which indicates that shareholders may practice share in the profits by dividends and stock recognition but are not individually responsible for the company's shares. A corporation's purposes can be for-profit or not, as with donations. Still, the huge preponderance of corporations intends to afford a return for its shareholders.
The government helped the economy by preventing monopolies that way small independent buissness could survive.
Answer:
A lack of competition
Explanation:
Non = absence
competition = the act of competing in a event
Which means noncompetition would mean "a lack or a absence of competition."
Hope this helps.
Answer:
Contribution margin per unit= $7.5
Explanation:
Giving the following information:
Each radio sells for $23.75 and the variable cost per unit is $16.25.
The contribution margin is the difference between the selling price and the unitary variable cost:
Contribution margin= selling price - unitary variable cost
Contribution margin= 23.75 - 16.25
Contribution margin= $7.5
