Answer:
A).The franchisor provides a tried and tested product to sell
C ). The franchisee receives ongoing help and support from the franchisor
Explanation:
A franchise is an arrangement where an established and successful business person( franchisor) licenses a third party( franchisee) to set up an independent branch similar to the franchisor business. The franchisor permits the franchisee to use their brand name, colors, processes, and procedures and sell their products. Therefore, the franchisee's branch will be similar in all aspects to the other franchisor's branches.
The franchisor provides technical, operational, and managerial support to the franchisee. The franchisee pays an initial fee and a percentage of monthly sales to the franchisor to open a franchise business.
In a supply chain, the constraint that prevent one from meeting deadline includes scope, cost, and time.
<h3>What is a workstream?</h3>
In the supply management context, this refers to the areas of activity into which a company's business may be divided.
Hence, its extends to or seen as the completion of tasks carried out by different people or teams on a product or project.
Generally, in a supply chain, the constraint that prevent one from meeting deadline includes scope, cost, and time.
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Answer:
D. Economic resources = creditor financing + owner financing
Explanation:
The economic resources in accounting are:
- the liablities; which represent the loans and credit term made by third parties (creditor financing)
- and equity which represent both, the actual nvestment and the retained earnings(owner financing)
Both, are used to obtain an maintain the assets which arethe economic use of the resources.
Answer:
B- Encourages innovation because successful innovators are rewarded with economic profits.
Explanation:
The competitive market system is largely encouraging as it keeps firms and companies on their toes, encouraging fresh ideas and work plans, aimed at getting ahead of other competitors in the market.
When these competitive strategies birth successful innovations, economic profits are made by the innovators as there is an<em> increased customer base, increased effectiveness and increased customer satisfaction</em> by meeting needs through fresh ideas. This creates a <em>consequential rice in profits which is the major target of every profit making organization.</em>
