Gerald is assessing global entry strategies for his gourmet sandwich business. He does not want to take a lot of risk and he is willing to limit his control of international stores. Gerald will likely use a(n) __________ strategy.
Select one:
a. direct investment
b. franchising
c. exporting
d. joint venture
e. strategic alliance
Answer:
b. franchising
Explanation:
For a food business like a gourmet sandwich business, the best global entry strategy Gerald will likely take that involves low risk and limit in control of international store is franchising strategy.
Franchising, which involves a contract that allows one company to use the brand and concept of another company, guarantees getting customers and retention of customers. The image of the product offered would be created in current and potential customers
.
The law of demand states that if all other factors remain as is, when
the price of a good or service increases, the demand decreases, when
the price decreases, the quantity demanded increases. R<span>elationship between price and quantity demanded, is
therefore, inverse.</span>
Answer:
$365,500
Explanation:
With regards to the above, first we will calculate the predetermined overhead rate
Predetermined overhead rate = $355,300 / 20,900 = $17
Then, Applied manufacturing overhead = $17 × 21,500
= $365,500
The amount that would be credited to manufacturing overhead account is $365,500
Take a picture and upload it
<u>Calculation of Marginal Revenue:</u>
Marginal Revenue can be calculated using the following formula:
Marginal Revenue = Change in Revenue/ Change in Quantity
It is given that total revenue increases from $18,000 to $26,000 when quantity increases from eight to ten. It means change in Revenue is (26000-18000) = $8,000 and Change in Quantity is (10-8) = 2
Hence, Marginal Revenue =8000/2 = $4,000
Hence the marginal revenue is <u>$4,000</u>