In what ways does franchising benefit the franchisor? In what ways does it benefit the franchisee?
What will be an ideal response?
Franchising benefits both the franchisor and the franchisee. Franchisors gain the motivation and hard work of employees who are entrepreneurs rather than "hired hands," the franchisees' familiarity with local communities and conditions, and the enormous purchasing power of being a franchisor. Franchisees benefit from buying into a business with a well-known and accepted brand name. They find it easier to borrow money for their business from financial institutions, and they receive support in areas ranging from marketing and advertising to site selection and staffing.
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Preliminary parts of a report are included to:
A. insert supplementary information that supports the report. B. enable the reader to understand the report more easily. C. show that the report is genuine and has not been plagiarized from other sources. D. acknowledge individuals who have helped create the report by providing valuable data.
The five stages a buyer passes through in making choices about which products and services to buy is called the ________.
A. problem recognition process B. postpurchase behavior process C. purchase decision process D. alternative evaluation process E. information decision process
An input to sales and operations planning by the operations department includes ______.
A. new product information B. demand forecasts C. workforce availability D. capacity availability
Arkansas Toys, a retail store, has three sales departments supported by two service departments. Cost and operational data for each department follow: Sales Deptartment Sales Cost of Goods SoldSquare FootagePurch. Orders Issued1 $92,160 $36,8641,7281,260269,12032,8323,0241,680380,64032,2561,2962,310ServiceDepartmentsAllocation BasisCostAdvertising………..Sales$10,000Purchasing………...No. of purchase orders issued 12,000Determine the service department expenses to be allocated to Sales Department 1 for (round answers to whole dollars):Advertising ________Purchasing ________
What will be an ideal response?