What Question Is the Least Important When Developing a Franchise

question 27

Multiple Choice

What question is the least important when developing a franchise from an independent business?

• A)Who will develop the operations manual?
• B)Is the business replicable?
• C)How will growth be financed?
• D)What expert assistance will be needed for legal matters?

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Definitions:

Percentage Change

A mathematical calculation that indicates how much a number has increased or decreased in percentage terms relative to its previous value.

Price Elastic

Describes how sensitive demand for a product or service is to changes in its price; high elasticity indicates significant demand change with price fluctuations.

Nondiscretionary

Pertaining to expenses that are essential and not subject to personal choice, such as food, housing, and utilities.

Demand Curve

A graph showing the relationship between the price of a product and the quantity of the product that consumers are willing and able to purchase at different prices.