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vladimir1956 [14]
3 years ago
9

Razak's, a popular chain of fast-food restaurants in the Middle East, plans to expand its market in Asia and signs a contract wi

th an Indian firm. The contract allows the firm to set up restaurants with Razak's name and trademark and use the supplies provided by Razak to make its products. Under the contract, the Indian firm is required to adhere to the same cooking procedures and use the same equipment that are used by other outlets of the restaurant. The given scenario exemplifies a _____.
Business
1 answer:
babunello [35]3 years ago
8 0

Answer:

C. business format franchise

Explanation:

A business format franchise refers to a franchising arrangement in which the franchisor generates already established business with the franchisee that involves name, trademark so that the franchisee could run the business in an independent manner

Therefore in the given case, the option C is correct and the same is to be considered

And all other options are incorrect

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The XYZ Corporation has a distinct division of labor, consistent rules, and a clear hierarchy. Managers maintain distance betwee
Mamont248 [21]

Answer:

A bureaucracy

Explanation:

Bureaucracy is an organisational structure that is aimed at maintaining uniformity and control in an organisation.

This is achieved through established processes and ways of interaction between staff.

Bureaucracy is characterised by multiple layers and complex processes that makes actions and decisions slow.

This is exemplified in the given scenario where XYZ Corporation has a distinct division of labor, consistent rules, and a clear hierarchy. Managers maintain distance between themselves and subordinates, and promotions are awarded based on technical expertise.

3 0
3 years ago
It would be acceptable to have the selling price of a product just above the variable costs and expenses of making and selling i
Gnoma [55]

Answer:

B.both the short run and long run.

8 0
3 years ago
Read 2 more answers
The following Information applies to the questions displayed below.) Bargain Rental Car offers rental cars in an off-airport loc
butalik [34]

Answer:

a. The variable cost per rental return is $4.04.

b. The monthly fixed cost Incurred to wash cars is $1,376.

Explanation:

Note: See the attached excel file for the calculations of Rental Returns (x), Car Wash Costs (y), xy, and x^2.

Since Σ = Total of or summation of, we can therefore obtain the following from the attached excel file:

Σx = 34,854

Σy = 157,317

Σxy = 462,541,971

Σx^2 = 102,623,516

N = Number of months = 12

a. calculation of variable cost per rental return

To calculate the variable cost per rental return, the following formula is used:

Variable cost per rental return = (NΣxy − ΣxΣy) /((NΣx²) − (Σx)²) ……………… (1)

Substituting the relevant values into equation (1), we have:

Variable cost per rental return = ((12 * 462,541,971) - (34,854 * 157,317)) / (((12 * 102,623,516) - 34,854^2)

Variable cost per rental return = 4.03917240317595

Rounding to 2 decimal places as required, we have:

Variable cost per rental return = $4.04

Therefore, the variable cost per rental return is $4.04.

b. Calculation of monthly fixed cost Incurred to wash cars

To calculate the monthly fixed cost Incurred to wash cars, the following formula is used:

Fixed Cost per month =  {Σy - (Variable cost per rental return * Σx) / N ....... (2)

Substituting the relevant values into equation (2), we have:

Fixed Cost per month = (157,317 - (4.04 * 34,854)) / 12

Fixed Cost per month = $1,375.57

Rounding to the nearest whole dollar amount as required, we have:

Fixed Cost per month = $1,376

Therefore, the monthly fixed cost Incurred to wash cars is $1,376.

Download xlsx
8 0
3 years ago
A group of people or companies with a shared set of characteristics and needs or desires is called what?
Art [367]
It is called a Corporation
6 0
3 years ago
According to the theory of liquidity preference, if the supply of real money balances exceeds the demand for real money balances
Sedbober [7]

Answer:

Sell interest-earning assets in order to obtain non-interest-bearing money

Explanation:

The liquidity preference theory states that investors prefer cash or highly liquid assets to long term assets that carry high risk.

When investors obtain long term assets the charge higher interest rates or premium in order to mitigate associated risk.

In this scenario when the supply of money is higher than demand, there is abundance of non interest bearing money that is highly liquid.

According to the liquidity preference theory investors will sell their interest bearing assets and go for assets with high liquidity (non Interest bearing money)

3 0
3 years ago
Read 2 more answers
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