Answer:
In that situation, the demand of the Milk tea will fall.
Explanation:
In businesses subtitles are the type of products that serve a similar purpose but generally less favorable. You use substitutes as a second product when you somehow cannot use the first/main product.
In the example above,
Let's say that Coffee is people's favorite beverages. They like it better than milk tea. But, if they don't have enough money to buy their favorite coffee, they sometimes have to exchange it and settle with milk tea.
When weather increases the harvest of the coffee bean crop, the price of coffee will most likely fall down due to the abundance in resource.
When this happen, there will be lesser people who use the substitute product. in the end, the demand for the milk tea will fall.
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:
cut back the expansion of labor as a trade off between higher salaries but fewer workers.
Explanation:
If the employer believes that he is paying above average wages, he will try to reduce labor costs. Since unions are specially good in preventing massive layoffs, the other alternative left for the employer is to not hire new employees, or reduce the number of new employees that he expected to hire.
The answer you're looking for is "Share." Hope this helps!
The work of Venture Philanthropy Partners in focusing on low-income families would make it a<u> Community Fund </u>
A Community Fund:
- Focuses on helping a certain need in the society
- Is usually targeted at the less well off in society
<u>Venture Philanthropy Partners</u> is targeting youth and children that come from lower income families which means that they are targeting the needs of the less well off.
We can therefore conclude that this is a community fund.
<em>Find out more at brainly.com/question/18776651. </em>
