In Scenario 5-1 Above,all but Which of the Following Would

question 28

Multiple Choice

In Scenario 5-1 above,all but which of the following would be a major advantage for Connie in choosing to purchase a franchise as opposed to opening her own business?

• A) Marketing expertise
• B) Managerial assistance
• C) Proven product
• D) The cost of the franchise

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Definitions:

Reducing Cost

Measures taken to decrease the costs associated with the production or delivery of goods and services.

Modernization

The process of adopting the latest technology, organizational practices, or societal norms, aiming at improving efficiency and effectiveness.

Declining Death Rates

A decrease in the number of deaths over a particular period of time, often leading to population growth.

Efficient Use

The optimization of resource utilization to achieve the maximum possible output or benefit with the least waste or expense.