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Question
changing _________of millennials and gen z consumers fit perfectly with poshmarks business model. consumption levels discretionary income education levels values question 63 (1 point) as the sonic brand grew, troy smith formed a business relationship with charlie pappe. this form of business ownership was a franchise. master limited partnership. limited partnership agreement. general partnership. question 64 (1 point) saved
Brief Explanations
- Question 63: Poshmark is a social commerce platform. Millennials and Gen Z consumers often value sustainability, community - driven shopping, and unique items. Their changing values (such as a preference for second - hand or unique fashion items) align well with Poshmark's business model of enabling peer - to - peer buying and selling. Consumption levels refer to how much is consumed, discretionary income is the income available after taxes and necessities, and education levels are about academic attainment, none of which are as directly related to Poshmark's model as values.
- Question 64: A franchise is a form of business ownership where one party (the franchisor) grants another party (the franchisee) the right to use its trademark, business model, and other intellectual property. When a brand grows and forms business relationships in the context of expanding its business model (like Sonic likely did by allowing others to operate under its brand), it is often through franchising. A master limited partnership is a publicly traded partnership, a limited partnership agreement has limited partners with limited liability, and a general partnership has partners with unlimited liability. None of these are as characteristic of a brand - expansion business relationship as a franchise.
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- Question 63: values
- Question 64: franchise.