Identify and Discuss Some of the Negative Aspects Associated with Franchises

question 2

Essay

Identify and discuss some of the negative aspects associated with franchises.

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Definitions:

Fare Cuts

Reductions in the prices charged for transportation services, such as buses, trains, or airplanes, typically to attract more customers or achieve other strategic goals.

Independent Action

Decisions or actions taken by an individual or entity without coordination or influence from others.

Competing Airlines

Airlines that operate in the same markets and compete against each other for customers, often resulting in various pricing and service strategies.

Dominant Strategy

In game theory, a strategy that is the best for a player regardless of what strategies other players use, leading to an optimal outcome for the player employing it.