Question 1 3 out of 3 points If you are a franchisor and you charge a royalty of 5% on revenue and you have franchisees that have revenues of $1 million‚ $2 million‚ $1.5 million‚ and $2.5 million‚ how much would you earn in royalties? Answer Selected Answer: $350‚000 Correct Answer: $350‚000 Question 2 3 out of 3 points If you buy a McDonald’s franchise and agree to pay a royalty fee of 12.5% annually‚ how much money will you owe McDonald’s at the end of a year in which you
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The pen is mightier than sword Honorable principal‚ respected teachers and my dear school fellows! Today I will try to elaborate a famous quotation by an English author and novelist Edward Wheeler that‚ “Pen is mightier than sword” My dear fellows! A pen is man’s greatest creation. But we need to deliberate that how really important the pen is? Writers use their pen to write their articles‚ engineer uses pen for inking. Pen is all we need to record things right away. During the course of study
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Question: What is entrepreneurship? Illustrate your answer with suitable examples from your home country. Nowadays‚ entrepreneurship places an important determinant of development in the society and regarded as the “rock stars” in the business world. According to Global Entrepreneurship Monitor (GEM)‚ entrepreneurship is defined as: ’any attempt to create a new business enterprise or to expand an existing business by an individual‚ a team of individuals or an established business’. It means
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“They have employed existing means of production differently‚ more appropriately‚ more adventurously. They have “carried out new combinations”. They are entrepreneurs” – Joseph Schumpeter (Lumsdaine and Binks‚ 2007). Entrepreneurship is a procedure through which individuals identify opportunities (problems that need to be solved or unmet needs) in the market place‚ allocate resources‚ initiate change by being innovative and creative and create value through solutions. One of the Factors of Production
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Analysis of ‘Entrepreneurship goes Global’ The article “Entrepreneurship goes global” by Neri Karra and Nelson Phillips presents a new type of company emerging in the 21st century‚ namely entrepreneurships‚ which have at least 25 percent of their sales in foreign markets and do not concentrate on the domestic market where they have been founded. These entrepreneurships according to the authors of the article are different from their ‘old school’ counterparts by expanding globally from day one and
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In Singapore where the world of sales and marketing is presented with the option of words or swords‚ the competitive nature of firms and businesses would preside over the latter to meet their quota. While this forceful nature of wielding the sword to make aggressive sales is effective‚ the long run effect of such would result in poor health and to extreme extent‚ depression due to rejection. While most firms realize the importance of good marketing strategies‚ some are still not leveraging to the
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Entrepreneurship Development For a venture to be successful an individual should have some entrepreneurial competencies Knowledge Skill Motive Other Competencies Initiative. High quality of work Looking for opportunities. Persistence. Quality Conscious. Committed to work. Problem Solver. Self-confidence. Efficient monitor. Effective strategist. DEVELOPING COMPETENCIES To sharpen the competencies .Following steps are helpful. Competency Recognition Self- Assessment
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When a hiker‚ named Goran Olsen‚ stopped to rest in Haukeli‚ he found a Viking sword under some rocks. Haukeli is a fishing and hunting area about one hundred and fifty miles to the west of Norway’s capital‚ Oslo. The sword is in good condition because of the large amount of snow and lack of humidity the area had. It is a bit longer than thirty inches and is made of iron. Archeologist believe that it was made during 750 A.D.‚ making it approximately one thousand sixty five years old. I chose
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Entrepreneurship versus Intrapreneurship1 Veronica MAIER2 Cristiana POP ZENOVIA Abstract This paper provides a review of theoretical studies on the concepts of entrepreneurship and intrapreneurship‚ pinpointing the similarities and differences between them. Entrepreneurship continues to thrive in almost all corners of the world. Entrepreneurs are reshaping the business environment‚ creating a world in which their companies play an important role in the vitality of the global economy. But there
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Magnus Chase and the gods of Asgard : The sword of Summer by Rick Riordan Performance Task: Book Review The novel isn’t like most of Uncle Rick’s (Rick Riordan) work. You see in this book‚ the main protagonist dies on the first chapters. I guess living characters are getting too mainstream for Uncle Rick. And this new series is also related to Uncle Rick’s books since the main character‚ Magnus Chase is the cousin of Annabeth Chase‚ daughter of the Greek goddess Athena. The main character and love
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