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What Options Are Available to the Aspiring Franchisee to Assist

question 64

Essay

What options are available to the aspiring franchisee to assist in the evaluation of a franchising opportunity?


Definitions:

Comparative Advantage

The ability of an individual or entity to produce a good or service at a lower opportunity cost than others.

Absolute Advantage

The ability of a country, individual, or group to produce a good or service more efficiently than another entity, using fewer resources.

Car Wash

A facility used to clean the exterior and, sometimes, the interior of motor vehicles.

Dog Wash

A service establishment or event where dogs are bathed and cleaned, often including other grooming services.

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