Answer:
has an unlimited territory.
Explanation:
In the given scenario Lucy is running an online business with the support of Notable Moments a franchise.
Businesses can be brick and mortar or physical buildings that requires clients to come to a particular location.
Secondly they can be via online channels like website in the case of Lucy where the clients she can reach are not in one location.
Because of the wide spread of the internet Lucy's territory is unlimited. A person on the other side of the world can patronise her business.
A. Asset
Explanation:
-asset is a useful or valuable thing
Answer:
Consider the likelihood that the risks could result in material misstatements.
Explanation:
The risk of material misstatement is the risk that the financial statements of an organization have been misstated to a material degree. This risk is assessed by auditors at the following:
At the assertion level. This is further subdivided into inherent risk and control risk. Inherent risk is the susceptibility of an assertion to misstatement because of error or fraud, before considering controls. Control risk is the risk of misstatement that will not be prevented or detected by a reporting entity's internal controls.
At the financial statement level. Relates to the financial statements as a whole. This risk is more likely when there is a possibility of fraud.
Answer:
Those local hospitality businesses can be said to be Cooperators.
Explanation:
Co-operation: <em>Cooperation is an art, which is not so easy to be mastered.</em> The primary <em>purpose </em>of the <em>cooperation </em>is to gain <em>mutual benefit.</em> Yet because not everyone can understand the true sense of forming alliances (even if some do understand), it is difficult for them to create or manage those alliances because there are several factors which affect the relationships between associates. So, to have healthy and strong cooperation there is a need to get a grasp over those influencing factors.
<em>Now</em> there are reasons to believe that what the analysis implies (that there is a close relationship between these 2 industries) is true. Although how? let's get into those reasons.
- Both industries come in the same domain that is of consumption.
- Both can do their business separately without cooperating.
- But still, if they do cooperate they can get more than they do get separately.
An example to have a close look on the relationship: Consumer A has to go to 2 different places to get these 2 different services or products, consumer B just go to the one place and get all the service as well as get the product if he desires. So, Which one would be more satisfied? Consumer B for sure.
