The advantages of using a franchising strategy to pursue opportunities in foreign markets include : Having franchisees bear most of the costs and risks of establishing foreign locations and requiring the franchisor to expend only the resources to recruit, train, and support and monitor franchisees.
<h3>What is franchising?</h3>
Franchising is a marketing concept in which when adopted by an organization, can be used as a strategy for business expansion.
The Franchisor is the original business owner who sells the right, intellectual property and use of its business model to use its business name and idea.
Basically, franchise provides the opportunity to buy into a successful business model which has track record, solid supply chain and expert technical support.
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The price elasticity of the bond, based on the years to maturity and the required rate of return is -0.494
<h3>How to find the price elasticity of he bond?</h3><h3 />
First, find the new price of the bond:
= 1, 000 / ( 1 + 15%)⁵
= $497
The change in price:
= (497 - 567) / 567
= -12.3%
Then find the percentage change in the required rate of return:
= (15 - 12%) / 12
= 25%
The price elasticity of the bond is:
= -12.3% / 25%
= -0.494
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Bid bond guarantees that a construction contractor will enter into a contract.
Given that bond guarantees that a construction contractor will enter into a contract.
We are required to give the name of the bond that guarantees that a construction contractor will enter into a contract.
The name of the bond that will gurantee that a construction contractor will enter into a contract is bid bond.
A bid bond basically provides a guarantee that a winning bidder will take up the contract as per the terms at which they bid. A bid bond ensures a compensation to the bond owner if the bidder fails to begin a project. Bid bonds are basically often used in construction jobs or other projects that follow a similar bid-based selection process.
Hence bid bond guarantees that a construction contractor will enter into a contract.
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Answer:
A) No, it is preferable to compare the fund against the Morgan Stanley Capital International Europe, Australasia, Far East (EAFE) Index because it covers international securities.
Explanation:
As It is important that a specific mutual fund should be compared against the benchmark i.e. considered appropriate. The performance of the international fund should also be compared against the foreign stock index like EAFE index
So in this way the agent should be responded to the current situation
Therefore the option a is correct
Answer:
$ 870,000
Explanation:
Given data:
The funds raised by the cancer society = $ 900,000
The amount that has been collected back = $ 600,000
The amount that is uncollectible = 10% of the remaining amount
i.e 10% of ( $ 900,000 - $ 600,000 ) = $ 30,000
Therefore,
the net amount of revenue the society should recognize during the current year from this pledge drive is calculated as:
= The funds raised by the cancer society - The amount that is uncollectible
or
= $ 900,000 - $ 30,000
or
= $ 870,000
