Question

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An athletic shoe store franchise is planning to open a new location. Which information would be included in the sales forecast section of the business plan? Approximately 100,000 residents live within three miles of the new location. 52 percent (52,000) of them are between the ages of 20 and 54. To support the local community, the store owner will develop a youth and adult running club with 150 members by the end of the ninth month of club operation. The space selected requires minimal demolition, and no changes to the restrooms, electrical and plumbing systems, or storefront, before the new store con open The initial phases of the franchise expansion are projected to cost $1.5 million. The franchise is expected to break even by the third year of operation

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Answer 1

1.D.The initial phases of the franchise expansion are projected to cost $1.5 million. The franchise is expected to break even by the third year of operation.

This statement gives an idea that sales over three year period will be enough to provide a profit of $1.5 million and cover the initial investment.

Option A is demography related.

option B is related to social responsibility.

option C is related to initial investment.

2.D.how would the profits be divided.

Since he was not satisfied with the way profits were divided he would be discussing how the profits will be divided.

3.D.300 trucks @$6 per truck.

The point where demand and supply meets will be equillibrium price.