The following benefits a franchisee enjoys over <u>other small business owners</u> is:
- <u>A. Franchises benefit from the successful marketing provided by franchisors.</u>
- <u>D. Franchises have a lower 5-year failure rate than other small businesses</u>
A franchise is a business that operates by using the services of a franchisor who is in charge of <u>branding the company</u> and a franchisee who uses the name of the brand to do business and <u>pays a royalty fee</u>.
<em>Small business owners</em> are people who do the marketing, branding, packaging and sales by themselves <u>without necessarily involving the services of a marketer</u>.
Some of the benefits of a franchisee over <u>small business owners</u> are the facts that:
- They benefit from the successful marketing the franchisors provide
- They have a lower failure rate after 5 years.
- Therefore, the correct answers are options A and D
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Answer: 0.48
Explanation:
P(A/B) = P(AnB)/P(B) where:
P(A/B) = The probability of event A occurring given that B has occurred.
P(AnB) = The probability of both events A and B occurring.
P(B) = the probability that event B occurs.
So let
P(A) = Probability that the residents of a household own 2 cars.
P(B) = Probability that the annual household income is greater than $25,000.
The question tells us that
P(A/B) = 0.8
Note that: P(A) = 0.7, P(B) = 0.6.
Since we want to work out P(AnB), because it gives the probability that residents have an annual household income over $25,000 and own 2 cars.
We would Rearrange our initial equation to make P(AnB) the subject formula becoming;
P(A/B) = P(AnB)/P(B)
P(B)*P(A/B) = P(AnB)
So, inserting our probabilities into this equation gives:
0.6*0.8 = 0.48
Answer:
4000
Explanation:
Calculation to determine how many units of foreign currency does the same basket of goods cost in that country
Based on the information given we were told that the PRICE OF A BASKET OF GOODS is the amount of $2000 in which the dollar buys TWO UNITS of some country’s currency, now let determine HOW MANY UNITS of foreign currency does the same basket of goods cost in that country
Using this formula
Units of foreign currency=Basket of goods price*Some country’s currency units
Let plug in the formula
Units of foreign currency=$2,000* 2 units
Units of foreign currency=4,000 units
Therefore the number of units of foreign currency that the same basket of goods cost in that country is 4,000
The price of a basket of goods is $2000 in the U.S. If purchasing power parity holds, and the dollar buys two units of some country’s currency, then how many units of foreign currency does
The right answer for the question that is being asked and shown above is that: "TRUE."Almost every phase of business and economic activity falls under some form of government regulation. This statement is true as far as the phase of business and economic activity is concerned.
Product life cycle is important for a business to focus on the introduction stage then the growth stage because the products to gain distribution as the product is initially new in the market. The quality of product is not assured and the price of the product will also determine as low or high.
Explanation:
- The cost is going to be on a higher side.
- The sales will be slow since there is no awareness of the product.
- There might be little or no competition in the market.
- You make very little money of the product sold.
- Customer are to prompted to take initiate into the product.
- Demand has to be created.
- Marketing cost at the highest level because of recognition.
- Profit is received from product is very minimal.
- First impression is the last impression that impression is created
- In the introduction of the product.
