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Pie
3 years ago
8

Lucy is preparing to invest in a new online franchise, Notable Moments. The franchisor provides the exclusive software and train

ing for designing invitations and cards for special occasions such as weddings, graduations, and birth announcements. In return, the franchisee is required to pay a monthly fee to the franchisor. Lucy will use the Notable Moments software to create her own special designs that she will ultimately feature on her website. Order turnaround time must be fast. She can only take on as many clients as she can make good on delivery. An advantage of Lucy's online franchise is that she
Business
1 answer:
Sphinxa [80]3 years ago
4 0

Answer:

has an unlimited territory.

Explanation:

In the given scenario Lucy is running an online business with the support of Notable Moments a franchise.

Businesses can be brick and mortar or physical buildings that requires clients to come to a particular location.

Secondly they can be via online channels like website in the case of Lucy where the clients she can reach are not in one location.

Because of the wide spread of the internet Lucy's territory is unlimited. A person on the other side of the world can patronise her business.

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Elizabeth is a chef and the kitchen manager in an upscale restaurant. she is very knowledgeable in both the culinary and restaur
allsm [11]

Because she possesses these technical skills, Elizabeth can be considered a <u>"knowledge"</u> worker.


A knowledge worker is any individual who works professionally at the errands of creating or utilizing knowledge. For instance, a knowledge laborer may be somebody who works at any of the assignments of arranging, obtaining, looking, breaking down, sorting out, putting away, programming, dispersing, advertising, or generally adding to the change and business of data and those (frequently similar individuals) who work at utilizing the information so created.  

Knowledge work can be separated from different types of work by its accentuation on "non-schedule" critical thinking that requires a mix of concurrent and unique thinking. Yet in spite of the measure of research and writing on information work, there is no brief meaning of the term.

7 0
3 years ago
The relationship between the price charged for a product and the resulting demand level can be shown in a ________.
Neko [114]
Hello!

I believe the correct answer is: Demand curve.

I hope that was helpful! c:
7 0
3 years ago
Two guys walk into a bar; the third one ducks. If these three men acted independently, and the probability is 0.7 that a person
allsm [11]

Answer:

0.063

Explanation:

Given

Probability of a person to not enter into a bar or ducking   is 0.7

Probability of a person to  enter into a bar  

1 - (Probability of a person to not enter into a bar or ducking)

Substituting the given value, we get

Probability of a person to enter into a bar  

= 1 - 0.7 \\= 0.3

Total three men attempts to enter into the bar and their course of action is independent of each others

Thus, probability of observing the first two walking into the bar and the third ducking will be equal to the product of individual probabilities

= 0.7 * 0.3 * 0.3\\= 0.063

7 0
4 years ago
Which of the following is NOT one of the three basic economic questions?
ololo11 [35]
The answer s "How to Produce it".
This is not one of the three basic economic questions.
Mostly what they usually asks is what to produce base on the needs of the consumers, where to produce it in where people really are needing it and who will consume what is produced, they may be rich people, etc.
4 0
3 years ago
The price of a home is $400,000. The mortgage company requires a down payment of 20% and 1 point at the time of closing for a 30
spin [16.1K]

Answer:

(a) $80,000  (b) $320,000  (c) $10,700  (d) $1,574.21  (e) $246,714.75  (f)  $440.87

Explanation:

Solution

Given that:

Now

(a)The price of the house = 400,000

The down payment = 20%

The value of down payment = 20%*400,000

= $80,000

(b) The loan  value or amount financed = Purchase Price - Down Payment

= 400,000 - 80,000

= $320,000

(c)  Thus

The loan value = $320,000

1 Point has to be paid at the closing time and also, the closing  fees of $7,500 has to be paid

So, the amount paid at the time of closing = 1%*320000 + 7500

= 3200 + 7500

= $10,700

(d) To compute the Monthly payment we make use of the PMT function in Excel

Which is given below:

4= PMT(Rate, Nper, PV, FV,Type)

Rate = 4.25%/12

Nper = 30*12

= 360

PV = 320000

FV = 0

Type = 0

=PMT(4.25%/12, 360, -400000,0,0)

= $1,574.21

(e) Now we find the total amount paid over 30 years  which is given as :

Total amount paid over 30 years

= 1,574.21*360 = $566,714.75

The loan amount = $320,000

Total interest cost = 566,714.75 - 320,000

= $246,714.75

(f)  The Interest paid during first installment is as follows:

= 4.25%*320000/12

= $1,133.33

Monthly installment = $1,574.21

The Principal repayment = Monthly installment - Interest paid during first installment

= 1,574.21 - 1,133.33

= $440.87

8 0
3 years ago
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