In his search for a franchised business that would satisfy his passion for the outdoors and earn him a decent living, andrew noted that the shared profit criterion required of franchisors had significant variance. some required franchisees to pay 7% of their monthly revenues to the franchisor. others required 4% of the profits. in business we refer to this obligation as a
a. franchise fee
b. royalty fee
c. market fee
d. penalty fee

The correct answer is b. royalty fee

Explanation:

The royalty concept has different uses. The most common refers to the money obtained by the owner of a right when someone makes use of it. This means that when a person exploits some rights of another, they must pay royalties.

Some products and techniques are protected from the imposition of royalty payments for those who wish to follow the standards that characterize them. Such is the case of connections and USB ports: when a manufacturer wishes to include this technology in its products, it must not pay its creators.

Copyright is the most frequent case of royalty generation. The composer who has registered a certain song of his authorship charges royalties every time someone performs in public or records his song. For example: Mick Jagger and Keith Richards get royalties with all the versions that other artists record of "(I can't get no) Satisfaction."

i believe that it is a 45% chance.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know