Franchises Can Be Used for Which Types of Businesses

question 93

Multiple Choice

Franchises can be used for which types of businesses?

• A) services
• B) goods
• C) goods and/or services
• D) goods and services, but only for services if the services are connected with a particular good
• E) services and goods, but only for goods if a "secret formula" is connected with a particular good

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Definitions:

Titleist Golf Balls

A brand of golf balls known for their performance and commonly used in professional golf.

Total Revenue

The total amount of money a company receives from its business activities, such as sales of goods and services, before any expenses are subtracted.

Inelastic Demand

Refers to a situation where the quantity demanded of a good or service changes minimally in response to price changes.

Total Revenue

The total income received by a firm from selling its goods or services, calculated as the unit price multiplied by the quantity sold.