With commodity production, production no longer for use by the producers but for exchange, the products necessarily ___________ ()
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Franchise means you buy a license to trade under the name of the ___________ and you benefit from its expertise.
write a word means "you buy a licence to trade under the name of franchisor and you benefit from franchisor’s expertise’"
Using the total cost concept of applying the cost-plus approach to product pricing, all costs of manufacturing the product plus the selling and administrative expenses are included in the cost amount to which the markup is added()
______ ___ ____ is the amount of money added to a product ’ s cost in order to profit or cover overheads