Suppose that you would like to open your own auto garage. You have picked out a...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Suppose that you would like to open your own auto garage. You have picked out a location, obtained the proper permits, signed a lease. and found people who want to work for you. Now you need to decide if you should open a franchise or open the garage independently. Which of the factors below might cause you to go with a franchise? Choose one or more: A You want to operate as cheaply as possible, avoiding any unnecessary expenses B. You do not want to have to advertise much or build up your reputation at first. DC You want to make your garage stand out as the best in town by providing services and customer care not seen at other garages D. You want your customers to have a similar experience as they would at otter auto garages owned by a parent company. Suppose that you would like to open your own auto garage. You have picked out a location, obtained the proper permits, signed a lease. and found people who want to work for you. Now you need to decide if you should open a franchise or open the garage independently. Which of the factors below might cause you to go with a franchise? Choose one or more: A You want to operate as cheaply as possible, avoiding any unnecessary expenses B. You do not want to have to advertise much or build up your reputation at first. DC You want to make your garage stand out as the best in town by providing services and customer care not seen at other garages D. You want your customers to have a similar experience as they would at otter auto garages owned by a parent company.
Expert Answer:
Answer rating: 100% (QA)
The detailed answer for the above question is provided below The factors that might cause you ... View the full answer
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
Posted Date:
Students also viewed these economics questions
-
You have the following transactions that occurred during April and May in the books of Lockhart company: On the 4thof April, Lockhart provided services for customers with a cost of $15,000 2/10 n/40...
-
KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...
-
An airplane is flying at 32,000 feet when it starts its decent. It is descending at a rate of 2000 feet per minute. Let x represent the minutes of the flight's descent and y represent the planes...
-
Explain how to evaluate a growing perpetuity.
-
The Eiffel Tower (Fig. 13-29) is built of wrought iron approximately 300m tall. Estimate how much its height changes between July (average temperature of 25oC) and January (average temperature of...
-
Explain how emissions trading schemes are likely to affect financial reporting.
-
On June 1, Tamara Eder started Crazy Creations Co., a company that provides craft opportunities, by investing $12,000 cash in the business. Following are the assets and liabilities of the company at...
-
1. A planet is revolving around the sun in an elliptical orbit. The mass of planet is m, angular momentum of planet about sun is L, and length of semi major axis is a and eccentricity is e. Time...
-
Draw the AVL tree resulting from the insertion of an entry with key 52 into the AVL tree of Figure 11.13b. 4 62 44 78) 50 88 48 54 T4 T2 (b)
-
Explain on the basis of valence bond theory that [Ni(CN),] ion with square planar structure is diamagnetic and the [NICI] ion with tetrahedral geometry is paramagnetic.
-
Find the value t 0 such that to) = .025, where v = 6 .05, where v 12 .10, where v = 9 (a) P(t (b) P(t to) = (c) P(t to) =
-
How might the VAT be used to balance the budget?
-
Your former high school buddy invites you to join a start-up that specializes in making counterfeit products. She offers you the job of CEO and 10% of the equity of the firm. The chances of getting...
-
Find t for the following: (a) = .05 and v = 10 x (b)x= .025 and v = 4 (c) = .10 and v = 7
-
Why is the value-added tax (VAT) considered regressive?
-
Combustion of sucrose is used by aerobic organisms for providing energy for the life susting processes. If all the capturing from the reaction is done through electrical process (non P-V work) then...
-
Troy is a qualified radiologist who operates a successful radiology practice from purpose- built rooms attached to his house. Troy works in the practice three days a week, and the other two days he...
-
Business Application: Valuing Land in Equilibrium: Suppose we consider a Robinson Crusoe economy with one worker who has preferences over leisure and consumption and one firm that uses a constant...
-
In end-of-chapter exercise 6.10. we analyzed cases where the interest rates for borrowing and saving are different. Part of the reason they might be different is because of government policy. A....
-
We suggested in the text that there may be technological reasons for the barriers to entry required for the existence of monopoly. In this exercise, we consider two examples. A: Microsoft and your...
-
How does one choose between communication methods and handle barriers to effective communication?
-
What are the types of interpersonal communication?
-
What are the various forms of virtual communication used in modern organizations?
Study smarter with the SolutionInn App