Grace is the owner of a local trinket shop. A successful global candle company approached her about selling its products in her shop. Grace knows this product and company can help her exceed her existing goals. Selling candles is a(n) _____ for Grace.

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30-10-2019
Business

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Grace is the owner of a local trinket shop. A successful global candle company approached her about selling its products in her shop. Grace knows this product and company can help her exceed her existing goals. Selling candles is a(n) _____ for Grace.

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fatimakincsem fatimakincsem · Answer 1 · 2019-11-06T18:54:05+01:00

The correct answer would be, Opportunity.

Grace is the owner of a local trinket shop. A successful global company approached her about selling its product in her shop. Grace knows this product and company can help her exceed her existing goals. Selling candles is an Opportunity for Grace.

Explanation:

If an individual or company gets a chance to do something, then this is called as the opportunity. The opportunity is always considered better for an individual or the company.

For example, when a person who owns a trinket, (which is the small ornament which has a little value), gets a chance to sell the product of a company which operates internationally or globally, then this would be considered an opportunity for the small business owner. By selling a globally recognized product at your shop, the likelihood of sale of your own product is increased. So Grace would be really happy to sell candles of other company at her shop, as this would be an opportunity for her.

Learn more about opportunity cost at:

https://brainly.com/question/3611557

#LearnWithBrainly

soneyedesola44 soneyedesola44 · Answer 2 · 2020-01-13T20:43:11+01:00

Selling candles is an opportunity for Grace.

A business opportunity has to do with sales of any product that allows the buyer to start a business. A business opportunity is typically different from franchises because the business opportunity seller won’t be able to dictate or have any control over the buyer’s business activities.

Further Explanation

In the given scenario, the global company won’t have any control over Grace’s business and it would benefit Grace because she could realize enough money from selling the company’s product and channel it to develop her business as well. Grace won’t have to bother herself on promotion since the candle is from a global company and can as well sell the product under any name.

Some of the common types of business opportunities include:

Rack Jobbing: in a jack-robbing business opportunity, the agent or buyer would be able to sell another’s person product, but only through a system of racks in different stores operated by the jack jobber.
Distributorships: this has to do with selling other people’s products without using the manufacturer trade name. In Distributorship, the distributor may only be allowed to sell the company’s product and may also be given the liberty to promote other’s people products.

Therefore, selling candles is a business opportunity for grace.

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Grace is the owner of a local trinket shop. A successful global candle company approached her about selling its products in her shop. https://brainly.com/question/13696643

KEYWORDS:

grace product
candle
business opportunity
franchise
existing goals