C. by the local franchisee.
If a hotel or restaurant is franchised, the property is most commonly owned by the local franchise.
<h3>
What is a franchise?</h3>
A franchise (or franchising) is a technique of selling goods or services that involves a franchisor who creates the brand's trade name and business model and a franchisee who pays a royalty and frequently an upfront fee to have the right to use the franchisor's name and system. The term franchise technically refers to the agreement that binds the two parties, but it is more frequently used to describe the business that the franchisee runs. The process of developing and disseminating a brand and franchise network is known as franchising.
Learn more about a franchise here:
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Answer:
$94.92 is the correct answer
Explanation:
Given, Annual dividend = $3.55
Required return = 3.74%
The calculation of current stock price is as follows:
The current stock price = Annual Dividend / required return
= $ 3.55 / 3.74%
= $ 94.919786
= $ 94.92
Hence the correct answer is $ 94.92
Note: The answer is rounded off to two decimal places.
Answer:
Definition: The marketing mix refers to the set of actions, or tactics, that a company uses to promote its brand or product in the market. The 4Ps make up a typical marketing mix - Price, Product, Promotion and Place.
Explanation:
Plz mark brainliest thanks
Answer:
$34.22
Explanation:
The computation is shown below:
Value of the stock = Next year dividend ÷ (Required rate of return - growth rate)
where,
Growth rate equal to
= {($0.76 ÷ $0.632)^1 ÷ 3} - 1
= 6.34%
And, Next year dividend would be
= $0.76 × (1 + 6.34%)
= $0.81
So, the value of the stock would equal to
= 0.81% ÷ (8.70% - 6.34%)
= $34.22
