Not All Services Can Be Franchised

question 13

Short Answer

Not all services can be franchised. Briefly describe what kind of services can be franchised most effectively.

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Definitions:

Income

The money received, especially on a regular basis, for work or through investments.

Marginal Utility

The increased enjoyment or value one gets from the consumption of an extra unit of a good or service.

Marginal Utility

The added satisfaction or usefulness obtained from using one more unit of a product or service.

Total Utility

The total satisfaction or benefit received by consuming a particular quantity of a good or service.