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balu736 [363]
2 years ago
7

Why is opening a franchise often considered lower risk for an entrepreneur than setting up a new business?Please help me will gi

ve brainliest!
Business
1 answer:
ivolga24 [154]2 years ago
6 0

Answer:

The opportunity to grow under a famous brand and enjoy the advantages of a larger group of business owners

Explanation:

Opening a franchise is often considered a lower risk for an entrepreneur than setting up a new business because of "The opportunity to grow under a famous brand and enjoy the advantages of a larger group of business owners."

Other benefits to derived include:

1. There is operational support from the franchisor during the lifetime of the business arrangement, which may cover finances, training, accounting, etc.

2. The franchisee's management abilities can be enhanced without extra cost

3. Transactions established on proven and famous brands.

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LO 3.3When sales price decreases and all other variables are held constant, the break-even point will ________.
miss Akunina [59]

Answer:

increase

Explanation:

Break-even point is used to determine the minimum number of units a business needs to sell in order to fully cover the fixed costs. The break-even  formula is below;

Break-even = Fixed cost / (Sale price - Variable cost)

If sales price (SP) decreases while keeping other factors; variable cost(VC) and fixed cost(FC) constant, the denominator amount will be smaller, making the break- even point to increase.

3 0
3 years ago
Scenario: Technological Progress and Productivity Growth in Techland In Techland, from 1980 to 2010, holding technology and huma
andre [41]

Answer:

The growth of the real GDP per capita was 7.18%

Explanation:

It is important to establish that:

Future Value = Present Value × ((1 + r)^t), given that <em>r</em> is the <em>interest rate</em> and <em>t</em> is the <em>time period</em>  

Real GDP per worker increased from $40,000 to $320,000 in 30 years    

Therefore, we have;

320000 = 40000*(1+r)^30    

(1 + r)^30 = 8    

1 + r = 8^1/30    

1 + r = 1.0718    

r = 0.0718 = 7.18%

8 0
3 years ago
In San Francisco there are many restaurants that specialize in a wide variety of cuisines. Patronage at these restaurants is inf
Verdich [7]

In San Francisco, there are many restaurants that specialize in a wide variety of cuisines. Patronage at these restaurants is influenced by factors such as tastes, price, and location. This market is option (b) i.e, monopolistically competitive.

<h3>What is monopolistically competitive?</h3>

An industry with a lot of companies offering similar (but not identical) replacement goods or services is known as one with monopolistic competition. In a monopolistic competitive industry, there are few barriers to entry and exit, and no firm's decisions directly affect those of its rivals.

Monopolistic competition is characterized by a number of features.

  • slight variations in the goods and services,
  • Free access to the market and exit
  • many businesses
  • Profits from incomplete consumer knowledge

Consumer electronics, apparel, restaurants, and hair salons are a few examples of industries with monopolistic competition. Each business delivers goods that are comparable to those of other businesses in the same sector. They can, however, set themselves out through branding and marketing.

To know more about monopolistic competition refer to:  brainly.com/question/13686157

#SPJ4

6 0
1 year ago
All of the following are arguments against increased social responsibility except:________.
Sveta_85 [38]
You can’t see any options so no one will know what to answer.
5 0
3 years ago
Read 2 more answers
Which government body authorized CTSOs
KIM [24]

Answer:

The U.S. Congress authorized CTSOs.

Explanation:

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2 years ago
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