When Expanding Abroad,franchisors Must Be Sensitive to the Demographic,cultural,and Legal

question 98

True/False

When expanding abroad,franchisors must be sensitive to the demographic,cultural,and legal climates of the host country.

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Definitions:

Efficient Level

The optimal point at which a particular activity achieves the best output or outcome with the least waste of resources or effort.

Marginal Social Cost

The total cost to society of producing an additional unit of a good, including both private costs and any externalities.

External Cost

Costs of a transaction that affect people other than the buyer or seller, often not included in the price of goods or services.

Efficient Amount

The level of production or quantity of a good that optimizes the use of resources to achieve the highest possible satisfaction or benefits.