Of ethics and entrepreneurship

Assignment Help Business Economics

Reference no: EM131424624

In "Of Ethics and Entrepreneurship: The Richard M. Devos Story," the authors compare the structure of Amway to McDonalds, stating which of the following as a similarity?

Amway controls 100% of the distribution process from start to finish and assumes all the risk involved in pushing their product to consumers.

Amway and its distributors function similarly to the way McDonald's does at its corporate level with its indvidually owned McDonald's franchises. The pride and risk of ownership drives distributors to increase sales and provide quality customer service.

Amway holds a monopoly in the household cleaner category, allowing them to drive up prices solely to increase profits.

All of the above is correct.

Reference no: EM131424624

Questions Cloud

The social function of the entrepreneur : According to Dale Matchek in "The Social Function of the Entrepreneur," which of the following accurately describes the type of risk an entrepreneur faces thats can never entirely be eliminated? The risk of physical and emotional harm.

Analysis you would undertake when faced with this challenge : The project you are managing is now behind schedule. Describe the analysis you would undertake when faced with this challenge. What are some of the actions you would consider to take to try to bring the project back on track?

According to authors nash-lets win one for the gipper : According to authors Nash, Pretty and Stehouwer in "Let's Win One for the Gipper," which of the following were successes attributed to Ronald Reagan's presidency? Real growth in GDP increased 31 percent. American labor productivity increased 10.6 per..

What effects does minimum wage have on employment : In "Will Kellogg: King of Cornflakes," author Burton W. Folsom, Jr argues that it was only due to the support of his brother, J.H. Kellogg, that Will Kellogg ever rose to fame and fortune. what effects does minimum wage have on employment. How would ..

Of ethics and entrepreneurship : In "Of Ethics and Entrepreneurship: The Richard M. Devos Story," the authors compare the structure of Amway to McDonalds, stating which of the following as a similarity?

Are there any dominant strategies : Consider the following game. There are four players. Each player i (where i = 1, 2, 3, 4) si- multaneously and independently selects her contribution si ∈ [0, 10]. Find all Nash equilibria (if any). Are there any dominated strategies? Are there any d..

What is meant by investment in human capital : What is meant by investment in human capital? Use this concept to explain wage differentials and the long run rise of real wage rates in the US. explain the difference between a bilateral monopoly and a monopsony. What trade theories do not help expl..

Find the slope of the inverse demand curve : Suppose that budding economist Buck measures the inverse demand curve for toffee as P=$100-Qd, and the inverse supply curve as P=Qs. Buck's economist friend, Sally, likes to measure everything in cents. Find the slope of the inverse demand curve, and..

Gasoline production and consumption rose : In March 2002 the retail price of gasoline was $1.19 per gallon- exactly the same as it was in August 1990. Yet, total gasoline production and consumption rose from 6.7 million barrels per week in 1990 to 8.7 million barrels per week in 2002. With th..

User Account

All Pages