Sierra Is Interested in Becoming a Franchise Owner, by Opening

question 188

Multiple Choice

Sierra is interested in becoming a franchise owner, by opening and operating one of 50 Cactus Katie's Grills, a very successful fast food chain specializing in food dishes from the American southwest. Which of the following problems is Sierra most likely to encounter if she agrees to become a franchisee?

• A) High initial costs and fees
• B) Poor name recognition and visibility
• C) Lack of financing
• D) Lack of managerial assistance

Grasp the significance of early intervention and the effectiveness of various therapeutic approaches for stress disorders.

Understand the concept of perfectly competitive markets and how firms operate within this market structure.

Identify and calculate a firm’s profit-maximizing output level in the short run.

Distinguish between economic profit, total revenue, and total cost in the context of perfect competition.

---

Definitions:

Venture Capitalists

Investors who provide capital to start-up companies and small businesses with perceived long-term growth potential.

Pension Funds

Pooled monetary contributions from different individuals or entities to invest in securities, designed to generate future retirement income for participants.

Long-Term Investors

Individuals or entities that hold investments for an extended period, typically with the aim of achieving long-term objectives.

Exit Strategy

An exit strategy is a planned approach to withdraw from a business, investment, or situation to secure profit or minimize loss.