Answer:
Franchises.
Explanation:
A franchise is formed when a third party is given the right to market products using the brand name of a parent company. There is usually an agreement between the parent company and the third party on profit sharing from the franchise.
In this scenario Keith wants to try a brand recognition of a national chain, but he wants to stay in his local area and be the owner of the shop.
The best option is to form a franchise where he can use the national brand to grow his business locally.
Answer:
b) A central bank is expected to achieve a 3% annual inflation rate
Explanation:
Inflation targeting is a type of monetary policy where the central bank of a country sets an inflation rate as its goal or target.
When an economist makes a prediction that a rise in consumer incomes will increase the demand for bicycles sold by a bicycle company, it is made on assumption that bicycles are normal goods. Therefore, the option A holds true.
<h3>What is the significance of normal goods?</h3>
The normal goods or services being sold in the market of an economy can be referred to or considered as goods that have a direct relation with the demand for such goods, which are affected by consumer income.
As per the behavior of normal goods, it can be inferred that their demands increases with a given increase in the disposable income of the consumer, such as the one in the condition given above.
Therefore, the option A holds true and states regarding the significance of normal goods.
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An economist for a bicycle company predicts that a rise in consumer incomes will increase the demand for bicycles. This prediction assumes that bicycles are _____.
A. Normal goods
B. Luxury Goods
C. Inferior Goods
D. None of the Above
Answer:
Cost of Goods Sold = $ 400,000
Explanation:
Units Sold = $360,000/ $225= 1600
Sales $360,000
Direct materials $176,000
Direct labor $100,000
Variable factory overhead $44,000
Fixed factory overhead $80,000
Total Manufacturing Costs $ 400,000
Variable selling and administrative expenses $20,000
Fixed selling and administrative expenses $10,000
Cost of Goods Sold = $ 400,000
As ending Inventory Finished Goods is 400 units it is not included in the Cost of Goods Sold.
Answer:
the dish created by a recipe is the same each time it is followed properly
Explanation:
