1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
PIT_PIT [208]
3 years ago
9

Joseph runs a popular cafeteria chain. He currently has three branches in the city. He plans to enter a franchise contract with

another business. Joseph, the franchisor, plans to allow the franchisee to use the cafeteria’s logo and trademark. Further, Joseph plans to provide training to the franchisee’s staff to make sure that it provides the kind of customer service that the cafeteria is famous for. Joseph is going to help the franchisee understand the specific work processes and management techniques of his business. As a franchisor, Joseph will also be providing legal support to the franchisee. Which franchise model does Joseph’s business plan follow?
A. management franchise

B. business format franchise

C. trademark franchise

D. product distribution franchise
Business
1 answer:
vekshin13 years ago
3 0

Answer:

B. business format franchise

Explanation:

Under the business format model, the franchisee adopts the entire business operating systems of the franchisor. It means that the franchisee uses the franchisor's trademark, plans, and procedures. Goods and services offered by the franchisee will be identical and will bear the same prices as those of the franchisor.

Joseph plans to operate a business format model of a franchise. The franchisee will have to meet Joseph's standards of operations. For that to happen, Joseph must provide the following.

  1. Initial training
  2. Standardize build-out plans
  3. Operations manuals
  4. Continuous support
  5. Point-of-sale system education
  6. Key functionalities

Joseph has a responsibility to ensure the franchisee adhere to the standards agreement. It means he will have a supervisory role in management for the franchisee.

In return, Joseph will be earning commissions from each franchisee based on the income of each of them.

You might be interested in
Which of the following statements is/are FALSE, all else the same?
xz_007 [3.2K]

Answer:

I. Present values increase as the discount rate increases.

and

III. Present values are smaller than future values when both r and t are positive.

5 0
3 years ago
Which of the following is not a correct statement about​ M2? A. M2 is a broader definition of money compared to M1 and currency.
natka813 [3]

Answer:

D) M2 is the best definition of money as a medium of exchange.

Explanation:

M2 includes all M1 plus some broader types of money which represent near money such as savings accounts, money market securities, mutual funds, small denomination time deposits (CDs worth less than $100,000). These are classified as ear money because they can be easily and quickly converted into currency (cash) or checking account deposits.

8 0
3 years ago
Which of the following is NOT one of the 5 typical sources of competitive pressures? Select one: a. The power and influence of i
allochka39001 [22]

Answer:

a. The power and influence of industry driving forces

Explanation:

As per Michael Porter, there exist five competitive forces that influence competition in an industry. The five forces as per Porter are:

  • Potential entrants
  • Industry competitors
  • Customers
  • Substitutes
  • Suppliers

Potential entrants refers to the risk of new entrants in the market.

Industry competitors refers to the extent of rivalry and competition between existing firms.

Customers relate to the negotiating or bargaining power of the customers and to what extent they exercise such power.

Substitutes refer to the emergence of substitute products in the market which may drive down a firm's sales.

Suppliers relate to the bargaining power exercised by suppliers with respect to inputs.

7 0
3 years ago
PAC money is directed primarily toward: a. liberal candidates regardless of whether they are incumbents or challengers b. congre
pogonyaev

Answer:

E) Congressional incumbents

Explanation:

PAC money is directed primarily toward congressional incumbents, and this can easily be verified on the web. For example, both Nancy Pelosi, a democrat, and Brian Fritzpatrick, a republican, are among the top incumbents by number of money received from PACs, thus, party affiliation is not as important as it is incumbent status.

This is probably because incumbents are more likely to win elections, whether in the senate, the house, or even, the presidency.

7 0
3 years ago
Christopher works for Ocean Media Inc., a large corporation. His work requires him to travel extensively and, as a result, he sp
GREYUIT [131]

Answer:

A. moral hazard

Explanation:

Based on the information provided within the question it can be said that this scenario is perfectly exemplifying the term known as a moral hazard. This refers to when an individual takes more risks because someone else is bearing the costs. Such as in this scenario, Christopher is an employee and should be working on company tasks but instead works on his own projects because the company cannot check up on him, which is morally wrong and he can get fired for it.

3 0
2 years ago
Other questions:
  • Use your knowledge of the different concepts related to the communication process to classify the following statement or situati
    7·1 answer
  • The rate of return on the common stock of Flowers by Flo is expected to be 14 percent in a boom economy, 8 percent in a normal e
    13·1 answer
  • A review of the accounting records of Baird Manufacturing indicated that the company incurred the following payroll costs during
    8·1 answer
  • The most important control for detecting credit card fraud is:
    13·2 answers
  • What is the purpose of a trial balance?
    14·1 answer
  • Which of the following statements regarding the opportunity cost of producing potatoes and the production possibilities frontier
    12·1 answer
  • You've just learned that tuition and fees for the next semester are expected to increase by 15%. How do you think this will impa
    5·1 answer
  • During its first month of business, Kochanski Company reported net cash flows from operating activities of $5,000, net cash flow
    5·1 answer
  • "In the context of goal-setting theory, _____ is information about the quality or quantity of past performance and indicates whe
    6·1 answer
  • University Car Wash built a deluxe car wash across the street from campus. The new machines cost $234,000 including installation
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!