The owner of Leonardo's Pizza recently decided that Gainesville was too small for his business; he needed to expand. He has decided to open a new pizza parlor in Trenton so new people will be exposed to his famous pizzas, which until recently had only been enjoyed by the lucky people who live in Gainesville. Leonardo is trying to extend the life cycle of his brand so he can be in business for a very long time. Which strategy is Leonardo using to do this

Answers

Answer 1

Answer:

Market Development

Explanation:

From the question we are informed about The owner of Leonardo's Pizza who recently decided that Gainesville was too small for his business; he needed to expand. He has decided to open a new pizza parlor in Trenton so new people will be exposed to his famous pizzas, which until recently had only been enjoyed by the lucky people who live in Gainesville. Leonardo is trying to extend the life cycle of his brand so he can be in business for a very long time. In this case, Leonardo using Market Development strategy

Market development can be regarded as growth strategy which involves identification as well as development of new market segments for current products. market development strategy base it's targets on non-buying customers as regards the currently targeted segments. There is also a plan for new customers in new segments. It is another way of expanding sales.


Related Questions

Angelo was all set to start his new business. Although he did not have as much cash as he would have liked, he figured that once the business got going, the cash generated from sales would keep the business running. He was surprised, however, that sales weren't as strong as he thought and now he is cash-strapped. Angelo is experiencing a common problem known as ______.

Answers

Answer:

The answer is undercapitalization

Explanation:

It is evident that the business is undercapitalized. Undercapitalization is a situation when a company/firm does not have enough or the needed funds to run the business operations or pay his creditors.

Angelo is undercapitalized because her sales are not generating the needed cash flows coupled with her inadequate capital. So she needs to raise enough capital or develop new strategy to increase her sales.

What is the impact of changes in the cost of energy, raw materials, borrowing, and premises on your
chosen enterprise?
(What happens if these costs increase/decrease and how will this impact the price of goods/services your enterprise provides)

Answers

Answer:

Answer shortly

Explanation:

Running an enterprise may seem daunting at times especially when the economy isn't healthy and lack adequate commercial infrastructure. The running cost incurred on energy especially in a star without stable electricity to power engines and machines and as such leading to increased reliability on fuel and gas eats up a large chunk of revenue.

Raw materials are at the heart of producton, they are so important since they are the basis of what is being produced. This has a direct impact or say on the price of goods produced and ultimately the profit made from revenue.

Borrowing has formed a common part of a business setup, Running an enterprise would require the need taking loans, the impact of loans on business may be the repayment plan and interest rates. High Interest may result in unreasonable borrowing plan or inability to take loans to fund enterprise growth.

Identifying required environment or arrangement required for the business to thrive.

Generally, increase in energy cost and raw materials and borrowing will lower revenue as production cost will soar and high interest eats deep into profit.

i have a few questions about finance. PLease answer correctly and completely! thx

Which product is an example of perfect competition?
A.
food grains where products are homogeneous
B.
computers, where there are many competitors with slightly differentiated products
C.
aerated cold drinks, where there are two competitors
D.
bicycles, where buyers and sellers have some control over the price
E.
gold where there is only one seller

The database of Aster Corp. was hacke.d and confidential data was leaked to its competitors. This resulted in a huge financial loss and a loss of goodwill for the company. What is this business risk known as?
A.
operational risk
B.
exchange risk
C.
political risk
D.
expansion risk
E.
survival risk

Answers

Answer 1:

B is the answer.

Computers where there are many competitors with slightly differentiated products.

Explanation:

A market is characterized as a Perfect Competition where there are many buyers, many sellers and the products are either homogenous or slightly differentiated. There is also perfect knowledge about all the products and the nonexistence of monopoly. That is, no player in the market has leverage over which they can manipulate prices in their favor.

Answer 2:

A is the correct answer.

Operational Risk.

Explanation:

When there is the possibility for a loss arising from a dysfunctional internal process(es), inefficient employee(s), or even from external events, with a link to the internal dynamics of a company, the business is said to be exposed to Operational Risks.

Answer 3:

When there is an increase in interest rate, the following takes place:

Businesses shy way from borrowing from the bank(due to the loss of leverage or increased cost of borrowing when they do) Production Cost increasesWhen production costs increase prices of finished goods increasesthe above leads to a decrease in demand for finished goodsand ultimately Consumer spending goes down

Cheers

According to Olivier Blanchard, Europeans are more likely to use increases in real wages resulting from technological progress to increase ______, and Americans are more likely to use these increases in real wages to increase ______. unemployment insurance benefits; efficiency wages hours of leisure; consumption of goods and services hours of work; hours of leisure consumption of goods and services; hours of leisure

Answers

Answer: hours of leisure consumption of goods and services;

Explanation:

Real wage is the wage that has been adjusted as a result od inflation.

Based on the information given, according to Olivier Blanchard, Europeans are more likely to use increases in real wages resulting from technological progress to increase (hours of leisure) and Americans are more likely to use these increases in real wages to increase the (consumption of goods and services).

MY FINAL QUESTION 80 POINTS! TAKE your time :) Look at image below
Task3
Your Blog
Evaluate your blog using the data analytics provided in the blog-hosting service. Then, create a report that summarizes your blog activities.

Investigate and analyze your blog activities. You will understand how blogs can be effective and what are the challenges involved in creating effective blogs and social media platforms. Use graphics, charts, and other forms of visual data to analyze your blog activities.

Answers

Explanation:

Understand your audience. ..Create your blog domain. ...Customize your blog's theme. ...Identify your first blog post's topic. ...Come up with a working title. ...Write an intro (and make it captivating). ...Organize your content in an outline. ...Write your blog post!

this is the guidence how to make blog

I hope u find this helpful

Andrea Arenas is the owner of 2 Places at 1 Time, a concierge company. She and her staff of 60 perform everyday services, such as walking the dog, picking up cleaning, waiting for the repairman, and going to the post office, for people who are too busy to perform these simple acts. One way she tries to ensure ___________ of services for her regular customers is to make sure that the same well-trained person is always assigned to work for them.

Answers

Answer:

consistency.

Explanation:

A service can be defined as an intangible (immaterial), non-physical activities, satisfactions or benefits that are offered for sale by a business service or provided to accompany the sales of a product. Thus, it's an action that involves offering something to a service taker or customer in return for an amount of money as payment.

Basically, a service is expected to have certain characteristics and these includes;

I. Intangibility.

II. Heterogeneity.

III. Perishability.

IV. Lack of ownership.

V. Inseparability.

VI. Variability.

VIII. Quality management.

In this scenario, one of the ways Andrea Arenas tries to ensure consistency of services for her regular customers is to ensure that the same well-trained person (employee) is always assigned to work for them.

This ultimately implies that, she ensures her regular customers get the same level of quality service at all times by assigning a well-trained person (employee) to work for them.

One could argue that selecting an account with minimal fees is more important than selecting a savings account based on interest rate right now. Why might this be true?

Answers

Answer: EASYYY PEASYYY AHEM UWU

Explanation:

A checking account is a bank account you can write checks from, or access several other ways, which tends to make it your go-to, daily transaction bank account. A savings account is where you stash funds that you aren't ready to use yet, often with the goal of accumulating more.

Saving account are bank account which are used the for benefit of interest accrued on capital being saved therein.

However, there are operation charges on the saving account which might deplete the real amount of interest been accrued.

Using a checking account have no or minimal fee, so they are seen as alternative to saving account because of charges.

In conclusion, people might prefer checking account over saving account during this period because interest rate on saving rate are low which will might make operation charges deduct from interest amount till negative.

Learn more about Checking & Saving account here

brainly.com/question/22029777

A person performs a cost-benefit analysis in order to:
A. calculate the expenses of multiple businesses competing in the
same market.
B. evaluate the possible positive and negative effects of different
economic decisions.
C. analyze economic data to reach general conclusions about a
country's economy.
D. determine the tax rates a business will pay depending on its
profits in a year.
o

Answers

Answer:

B. evaluate the possible positive and negative effects of different economic decisions.

Explanation:

Cost-benefit analysis (CBA) is used to examine and compare the cost associated with a project or task and the benefits derived from it.

Simply stated, cost-benefit analysis is a form of utilitarianism commonly used by individuals, business firms and government in the decision-making process, as all the cost incurred are determined and analyzed.

This ultimately implies that, it may be used to determine how changes in differing levels of activities such as costs and volume affect a company's operating income and net income.

Cost-benefit analysis (CBA) sums the total cost associated with a project (activity) and compares this cost against the total benefits that would be generated. Thus, it helps in the decision-making process by comparing the net present value (NPV) of the cost of a particular project with the net present value (NPV) of its benefits.

Hence, a person performs a cost-benefit analysis in order to help him or her evaluate the possible positive and negative effects of different economic decisions with respect to an investment, project, activity, or programme.

The citizens of the United Sates live and work in a...

A.) Closed economy
B.) Command economy
C.) Mixed market economy
D.) Pure market economy

Answers

Answer:

Mixed market economy

Explanation:

the citizens of America is very diverse

Answer- C.) Mixed market economy

Directions
Use the Internet to find an article that deals with the financial records of a business. Once you have found and read your article, record your summary and the link location using the following format in the box below. Be sure to include the URL links you used as resources in the space below. Submit your work below.

Paragraph #1 - Summary of article and link
Paragraph #2 - How it relates to entrepreneurship
Paragraph #3 - Your opinion of how the business will do in the next few months based on its financial records.

Answers

Answer:

Business Financial Record

The financial records of a business is a representation of where the money the business earns comes from and where the money is being directed as well as the current status of the money earned, (source, U.S. Securities and Exchange Commission website) Financial records includes; General accounting books, Banking records, debtor's records, creditor's records, expenses records, tax records, grant details, contract records, list of assets, employee payments, cashbook records, and stock records (Source Australian Charities and Not-for profits commission website)

How it relates to entrepreneurship

An entrepreneur, venturing into a business, where capital investments are and resources are put, revenue is collected, stocks are sold, and factors of production such as equipment are purchased, can best maintain the financial health of the business by keeping an accurate and up to date financial record, such that the cash flows are efficiently manage to obtain the right prices and interest rates from suppliers and lenders respectively (Gateway to Commercial Finance website)

Your opinion of how the business will do in the next few months based on its financial records

A business that consistently makes profits and incurs a fixed expenses is expected to grow, while a business that has limited revenue is expected to embark on novel approaches

Explanation:

A company's financial records show where the money it makes originates from, where it is going, and how much money it is making at any one time. (Source: website of the U.S. Securities and Exchange Commission).

Thus,  According to the Australian Charities and Not-for-Profits Commission website, financial records include general accounting books, banking records, debtor's records.

The creditor's records, expenses records, tax records, grant details, contract records, a list of assets, employee payments, cashbook records, and stock records.

When starting a firm where resources and capital are invested, money is gathered, stocks are sold, and production factors like equipment are bought, an entrepreneur can best manage the financial health of the business.

Thus, A company's financial records show where the money it makes originates from, where it is going, and how much money it is making at any one time. (Source: website of the U.S. Securities and Exchange Commission).

Learn more about production, refer to the link:

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Monetary policy refers to Question 23 options: actions taken by banks and other financial institutions regarding their approaches to lending, account management, etc. changes in the money supply to achieve particular economic goals. changes in government expenditures and taxation to achieve particular economic goals. the change in private expenditures that occurs as a consequence of changes in the money supply.

Answers

Answer:

changes in the money supply to achieve particular economic goals.

Explanation:

Monetary policy can be defined as the actions (macroeconomic policies) adopted and undertaken by the central bank of a particular country (Federal Reserve System in the United States of America) to control the money supply and interest rates so as to boost or enhance economic growth.

Basically, monetary policies are used by the central bank to manage inflation, economic growth through long-term interest rates and level of unemployment in a country. In order to boost economic growth, the national government through its central bank introduces monetary policy to increase money supply (liquidity). Also, a monetary policy can be used to prevent inflation through the reduction of money supply at a given period of time.

Furthermore, money supply comprises of checks, cash, money market mutual funds (MMF) and credit (mortgage, bonds and loans).

In conclusion, monetary policy refers to changes in the money supply adopted by the central bank to achieve particular economic goals.

Economic fine-tuning is the (usually frequent) use of Group of answer choices fiscal policy that both balances the budget and counteracts even small undesirable movements in economic activity. monetary and fiscal policies to counteract even small undesirable movements in economic activity. only fiscal policy to counteract even small undesirable movements in economic activity. monetary policy that is based on a predetermined steady growth rate in the money supply to counteract even small undesirable movements in economic activity.

Answers

Answer:

monetary and fiscal policies to counteract even small undesirable movements in economic activity.

Explanation:

Economic fine-tuning is the (usually frequent) use of monetary and fiscal policies to counteract or subvert even small undesirable movements in economic activity.

Monetary policy can be defined as the actions (macroeconomic policies) adopted and undertaken by the central bank of a particular country to control the money supply and interest rates so as to boost or enhance economic growth. The central bank uses monetary policies to manage inflation, economic growth through long-term interest rates and level of unemployment in a country. In order to boost economic growth, monetary policy is used to increase money supply (liquidity) while it is also used to prevent inflation by reducing money supply.

On the other hand, Fiscal policy refers to the use of government expenditures (spending) and revenues (taxation) in order to influence macroeconomic conditions such as Aggregate Demand (AD), inflation, and employment within a country. Fiscal policy is in relation to the Keynesian macroeconomic theory by John Maynard Keynes.

Which of the following is an example of a specific purpose? A. I want my employees to understand and follow the new dress code policy. B. I want to persuade my team. C. I would like ABC Company to select us as the bank to serve their employees' banking needs. D. a and c

Answers

Answer:

D. a and c

Explanation:

I hope it helps.

Zeus is considering running a business. He likes the idea of taking on a partner to share in the upstart costs. What are the risks of a partnership?
The biggest risk of a partner is that they share ____ (choices: profits, political ideals, office space) and ____ (choices: stockholders, losses, administrative assistants)

Answers

Answer:

profits; losses.

Explanation:

A partnership can be defined as a type of business ownership in which two or more individuals come together to start up a business and share the profits made together.

Basically, there must be mutual understanding and assent between the parties involved in the establishment or creation of a partnership form of organization (business).

Additionally, a partnership form of business is considered to be one of the easiest type of business to start up or form once there is an agreement between two or more individuals to establish a lawful and legal business.

However, the biggest risk of a partnership is that they share profit and losses. Also, partners in a partnership form of business are liable to lawsuits, debts owed to creditors and lawsuits with respect to the business.

Executive headhunters have approached Charles about taking the position of senior vice president of marketing for a well-known company. Although this company has been highly successful since 1995, Charles has heard persistent rumors of overly aggressive marketing tactics, questionable reporting of sales data, and an atmosphere of intolerance of criticism. The CEO is a powerful and charismatic individual, who built the company from a small regional firm to an international powerhouse in only a decade. The other top managers have been hand-picked by the CEO, as have a number of the members of the board of directors. The salary for this position is very high and includes generous stock options. It would be a major step up in Charles's career and would position him to move to CEO of another company in the future. Charles has prided himself on his high moral values and is viewed as an exceptionally ethical person by his peers. What should Charles do?

Answers

Answer: d.Charles should not take the job because the culture of the organization is set by the CEO and other top managers. He would have little influence on the organizational culture as one of many top managers

Explanation:

Since Charles has prided himself on his high moral values and is viewed as an exceptionally ethical person by his colleagues, then this isn't the right job for him.

Since he has heard rumours of overly aggressive marketing tactics, questionable reporting of sales data, and an atmosphere of intolerance of criticism, this doesn't tally with his high moral values.

Also, since the CEO and other top managers sets up the organizational culture of the company, he would have little influence on the organizational culture as one of many top managers.

Orange, an online-gaming site, has millions of users. The site has many games which pit users against each other. The relative standing of each user is presented in the form of an elaborate ranking system for each game. Users pride themselves on gaining the highest points and the highest rank possible. This rise in user participation has increased the value of Orange significantly. This is an example of ________.

Answers

Answer:

C) network effects

Explanation:

Theses are the options for the question

A) monopolistic competition

B) internal marketing

C) network effects

D) guerilla marketing

From the question we are informed about Orange, which is an online-gaming site, has millions of users. The site has many games which pit users against each other. The relative standing of each user is presented in the form of an elaborate ranking system for each game. Users pride themselves on gaining the highest points and the highest rank possible. This rise in user participation has increased the value of Orange significantly. This is an example of network effects. The network effect can be regarded as phenomenon which occur as a result of increased numbers of people or increase in participants improvement about the value of a good or service. One of the example of this effect is Internet. Initially, there were few number of users on the Internet, because people do not see much value then , it was some military and some research scientists that values it, but now almost everyone values it.

elect a product or service to sell.
Now determine the target market for your product or service by answering the following questions in a table:
Are your target customers male or female?
How old are they?
Where do they live? Is geography a limiting factor for any reason?
What do they do for a living?
How much money do they make? This is important if you are selling expensive or luxury items.
What other aspects of their lives matter? For example, do they need to be homeowners?

Now, identify your product or service and explain what your target market is and why.

Answers

Answer:

what is your main question

Which of the following is true about business purchases? Business purchases are usually quicker and more informal than are consumer purchases. Business purchases involve fewer participants in decision making compared to consumer purchases. Purchasing agents are absent in business purchases. Business purchases involve more professional purchasing effort than consumer purchases. Business purchases involve less technical and economic considerations compared to consumer purchases.

Answers

Answer:

Business purchases involve more professional purchasing effort than consumer purchases.

Explanation:

A form of business purchase where the purchaser received the assets of the business without presuming the liabilities. Here the purchase price should be distributed to the business assets and the same should become the part of the business purchase agreement. Also as the name suggest it means the purchase done for the business purpose that become professional not for the personal purchase or consumer purchase

Please help

1. What are the disadvantages of labour intensive?​

Answers

Answer:

Labour intensive is when products are mainly produced by human workers.

...

Labour intensive.

Advantages Disadvantages

Less expensive machinery costs Skilled workers take time to train

Humans can use their own initiative and problem solve Skilled workers will be paid more than unskilled workers

Explanation:

HOPE IT HELPS!

True or false: A reduction of the deferred revenue account can be interpreted as a leading indicator of lower future revenues. Explain False. Revenue is recognized when the deferred revenue liability increases. If the deferred revenue account has decreased, more cash came in from customers and more revenue will be recognized in the future. True. Revenue is recognized when the deferred revenue liability decreases. If the deferred revenue account has decreased, less cash came in from customers and less revenue will be recognized in the future. False. Revenue is recognized when the deferred revenue liability decreases. If the deferred revenue account has decreased, less cash came in from customers and more revenue will be recognized in the future. True. Revenue is rec

Answers

Answer: True

Explanation:

Revenue is recognized when the deferred revenue liability decreases. If the deferred revenue account has decreased, less cash came in from customers and less revenue will be recognized in the future. Which proves that a reduction of the deferred revenue account can be interpreted as a leading indicator of lower future revenues.

In December of Year 4, John (a cash-basis taxpayer) received a $2,000 payment from Tom who signed a year's lease to rent John's house. The $2,000 payment consisted of the following:

1st Month's Rent (for the month of December, Year 4) $800Last Month's Rent (for the month of December, Year 5) 800Security Deposit (to be returned at end of lease) 400

How much should John include as rental income on his Year 4 tax return as a result of the $2,000 payment?

Answers

Answer:

John should include $1,600 as rental income on his Year 4 tax return as a result of the $2,000 payment.

Explanation:

As a cash-basis taxpayer, John's taxable income is based on the actual cash receipts and payments made in the accounting period.  The refundable part of the rent should not be included as rental income since it is a security deposit that would be returned at the end of the lease period.  If John were an accrual-basis taxpayer, the rental income to be included would have been only $800 representing income for Year 4.

The interest rate would fall and the quantity of money demanded would:
a. increase if there were a shortage in the money market
b. decrease if there were a shortage in the money market
c. increase if there were a surplus in the money market
d. decrease if there were a surplus in the money market

Answers

Answer:

c. increase if there were a surplus in the money market

Explanation:

The interest rate can be regarded as amount that lender charges s result of using his/her assets which is usually expressed as a percentage of principal amount. It could be typically annual basis which is annual percentage rate. These Asset could be building, cash and so on.

Demand for money can be regarded as

desired that involves holding of financial assets which is in money form .The quantity of money demanded can go up or down with respect to fluctuation of the interest rate.

It should be noted that The interest rate would fall and the quantity of money demanded would increase if there were a surplus in the money market

explain the meaning of personal account,real account and nominal account,give five examples each​

Answers

Answer:

An example of a Real Account is a Bank Account. A Personal account is a General ledger account connected to all persons like individuals, firms and associations. ... A Nominal account is a General ledger account pertaining to all income, expenses, losses and gains. An example of a Nominal Account is an Interest Account

A city that uses encumbrance accounting places a purchase order for three fire trucks at a cost of $100,000 each, specifying that two are to be delivered in March and one in August. The vendor delivers the first two trucks and sends an invoice for $200,000. How should the city handle the encumbrance accounting when it prepares the $200,000 voucher to pay for the first two trucks

Answers

Answer:

c. It should reduce encumbrances by $200,000

Explanation:

Based on the information given the city should handle encumbrance accounting when it prepares the $200,000 voucher to pay for the first two trucks by REDUCING THE ENCUMBRANCES by the amount of $200,000 which represent the amount for the trucks received, calculated as ($100,000 * 2 trucks).

Therefore IT SHOULD REDUCE ENCUMBRANCES BY $200,000

End item A requires three component parts: B, C, and D. The BOM indicates that for each completed A, 1 unit of B, 2 units of C, and 1 unit of D are required. Current inventory for the four items is as follows: there are 15 As, 40 Bs, 50 Cs, and 15 Ds in stock. If the lead time for all items is 1 week and there are no scheduled receipts for any item, how many units of product A can be delivered to customers at the start of next week (week 2) if you realize now the BOM has been just changed?

Answers

Answer:

30 in total

Explanation:

In order to calculate how many items A we can produce we need to check how many units required we have, in this case, we have:

40 B's

50 C's

15  D's

We require 2 units of C, 1 Unit of B, and 1 unit of C.

As you can see in our inventory we only have 15 units of D's, meaning that that is our maximum number of items A produced this week, since we already have 15 A items, we can deliver 30 A products this week.

Think of an advertisement that you found particularly effective. Describe the product and the advertisement. Explain why you believe it was effective.

Answers

Answer:

I find that the advertisment towards the south korean pop Band BTS directed towards a variety of ages is very effective. They promote their music on all social media plataforms which is obviously directed towards teens and People in their 20s. They make an annual 50 million dollars

Explanation:

My hips dont lie

A facility presents an ABN to a patient in the emergency room who is considered critical after a medical screening exam. The service performed may be noncovered by Medicare based on the diagnosis. The patient signs the ABN. The patient is stabilized and is placed in observation care for 48 hours and then sent home. Medicare denies the service based on frequency limits. Which of the following is most correct?
a. Facility may not bill the patient because two witnesses did not sign the ABN.
b. Facility may not bill the patient because the ABN is defective.
c. Facility may bill the patient for the services because the patient has had the service more frequently than Medicare considers necessary.
d. Facility may bill the patient for the services because the ABN was signed.

Answers

The answer is B. Hopes this helps :)

Three sisters are interested in forming a business together. They have three initial concerns: How to maximize their benefits from the fact that the business is not expected to earn money for at least the first 2 years Making sure that the business will be able to continue in the event one or two of the sisters dies Minimizing their personal liability for the obligations of the business On the basis of the sister's concerns, which form of business is appropriate for the situation

Answers

Answer:

Limited liability company

Explanation:

A limited liability company is one that the owners are not personally liable for the business. Rather the company is a legal entity on its own and can be sued legally as a sepearte entity from its owners.

It combines features of a corporation and a partnership or sole proprietorship.

This will be the best type of business given that the business will not be expected to earn for the first two years. The sisters will not be personally liable for any debt incurred.

Also the business will continue even if only one of the sisters remains.

So an LLC is the best option for them.

Which of the following statement about capital market stakeholders is true Group of answer choices oftentimes capital market stakeholders, product market stakeholders, and organizational stakeholders disagree with each other Offering cash dividends to stockholders will please all the capital market stakeholders within groups, capital market stakeholders are always agree with each others for all the firms, capital market stakeholders are the most important stakeholders for firms to cater to

Answers

Answer: Often times capital market stakeholders, product market stakeholders, and organizational stakeholders disagree with each other

Explanation:

The various stakeholders a company will often times find that they are clashing with each other as they try to push their agenda at the expense of other stakeholders.

Capital market stakeholders for instance, provide capital to the business and so would prefer if it kept costs as low as possible so that they the capital providers can get an adequate return. Product market stakeholders such as suppliers would be trying to increase their prices so as to make more money and this would go against the wishes of the capital providers leading to a disagreement between both classes.

Lorenzo just received a prestigious fellowship to study abroad for a year! However, he still has six months left on his one-year apartment lease. His landlord has given him permission to draw up a new agreement with his sister Maggie, whereby Maggie will live in the apartment, pay rent to Lorenzo, and then Lorenzo will pay the landlord. This is an example of ______.

Answers

Answer:

Assignment

Explanation:

Since in the given situation it is mentioned that Lorenzo has received the fellowship for studying abroad for a year but he needs to stay 6 months in the apartment also at the same time the landlord gives the permission for the new agreement with his sister where his sister pay the rent to him and then he pay the rent to landlord so this represent the assignment which needs to be followed for the 6 months anyhow

Other Questions
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