You are considering becoming a franchisee to a popular restaurant chain. Based on what you are reading in the text, please select the most accurate statement from the list below.
a. Franchisees seldom run more than one franchise
b. A franchiser grants franchisees the right to engage in offering, selling, or distributing their
goods or services under any marketing format
c. A franchiser grants franchisees the right to engage in offering, selling, or distributing their
goods or services under its marketing format
d. Services are seldom provided to franchisees for free and they must adhere to strict guidelines
c. A franchiser grants franchisees the right to engage in offering, selling, or distributing their
goods or services under its marketing format
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Dragoo Building Inc. has a crane with a book value of $240,000 and a four-year remaining life. A new crane is available at a cost of $615,000. Dragoo can also receive $48,000 for trading in the old pump. The new crane will reduce variable costs by $145,000 per year over its four-year life. The total impact to Dragoo over the crane's four-year life is:
A. Increase of $23,000. B. Decrease of $48,000. C. Decrease of $13,000. D. Decrease of $615,000. E. Increase of $13,000.
Inventory turnover is a measure of liquidity that focuses on the relative size of inventory
Indicate whether the statement is true or false
Responsiveness to market intelligence involves all of the following except
a. selection of target markets. b. development of products/services that address customer needs. c. positioning products in a way that produces both customer satisfaction and customer loyalty. d. commitment to execution. e. providing feedback to customers.
The sale of an exporter's accounts receivable on capital goods, commodities, and other high-value goods, with the payment due at least 180 days out is
A. time draft. B. factoring. C. consignment. D. banker's acceptance. E. forfaiting.