Riya has recently started a restaurant in a commercial area that already has many other established restaurants and popular fast-food chains. Riya owns the building in which her restaurant is located, rather than leasing premises as her competitors do. This factor allows her to offer her products at a more competitive price. Riya has also invested a huge amount in designing the restaurant's interior and in equipping the kitchen with the appliances that are most widely used in her industry. In this scenario, which of the following is the most valuable resource for Riya's business?
A. the restaurant's late entry into the market
B. the building owned by Riya, which reduces cost of operations
C. the investments made by Riya on the restaurant's interior
D. the type of kitchen equipment widely used in her industry
Answer: B
You might also like to view...
What are the benefits of looking up someone’s Facebook account before hiring him or her? What are the downsides to this same action?
What will be an ideal response?
An expenditure qualifies as a(n) _____ if it has the following characteristics: 1 . It embodies a probable future benefit. 2 . A particular entity can obtain the benefit and control others' access to it. 3 . The transaction or other event giving rise to the entity's right to, or control of, the benefit has already occurred. 4 . The fair value of the item at the time of initial recognition can be
measured with sufficient reliability. a. asset b. liability c. shareholders' equity d. revenue e. expense
You can generate data for your venture concept reality check via _______________.
a. personal interview b. telephone interview c. online surveys d. All of the above
What are some of the factors that can influence wage rates in a firm?
What will be an ideal response?