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Andrej [43]
3 years ago
14

Keith enjoys cutting hair and he just graduated from a cosmetology program. He has opened up his own shop, but it has not grown

very much in its first year. Keith decides maybe it’s better 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. Which type of retail model would fit Keith’s business goal best?
online retailing


malls and shopping centers


PreviousNext
Business
1 answer:
marysya [2.9K]3 years ago
3 0

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.

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2 Points
Serhud [2]

Answer:

The minimum wage

Explanation:

5 0
3 years ago
A ________economy usually stresses the equality of all citizens. A________ economy aims to be self-sufficient. A ________economy
Alja [10]

Answer:

Command economy

Closed Economy

Traditional Economy

Mixed Market Economy

Explanation:

A command Economy  stresses the equality of all citizens.e. g Cuba and North Korea

A closed economy aims to be self sufficient with all activities confined to its economy.e.g Brazil's economy.

A traditional economy being the oldest form of economy upholds culture and history and as such relies more on bartering than money. It is mostly common in emerging markets and developing countries.

A mixed economy encourages private businesses with a degree of state monopoly.Example is the USA's economy.

5 0
3 years ago
Read 2 more answers
2 brothers, Joe and Bob get equal dollar amounts of securities as a gift. Joe immediately sells his securities and deposits the
raketka [301]

Answer:

Opportunity cost

Explanation:

The opportunity cost Bob's brother Joe $20,000. Remember, the term Opportunity cost refers to the cost (loss in this context) incurred when one forgoes an alternative best option–holding them in a brokerage account, in place for a less beneficial one.

Thus, Bob chose the best alternative over his brother.

8 0
3 years ago
Electronic Superstore's inventory increases during the year by $3.8 million, and its accounts payable to suppliers increases by
Mrrafil [7]

Answer:

$31 million

Explanation:

The computation of the amount of cash paid to suppliers of merchandise during the reporting period is shown below:

= Costs of goods sold + increase in inventory - increase in accounts payable

= $33 million + $3.8 million - $5.8 million

= $31 million

The Costs of goods sold + increase in inventory is also known as purchase of inventory

3 0
3 years ago
Jack has 3 months more experience than jill, but jill's aptitude score is 20 points higher than jack's. who is expected to be mo
ddd [48]
<span>The predicted productivity equation is 2.0 + .5 * Experience + .2 * aptitude score . Then we can use the slope coefficients to figure this out. Jack gains .5 *.3 from his extra three months and Jill has gained from her extra 20 points on the aptitude test .2 * 20 = 4 . Then we have that 4 – 1.5 = 2.5 thus Jill is predicted to be more productive than Jack. Thus the answer is b.</span>
3 0
3 years ago
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