Many Retailers That Have Been Outstandingly Successful in Their How

question 13

Multiple Choice

Many retailers that have been outstandingly successful in their how markets have experienced much poorer performance when they have entered overseas markets.These include: Tesco,Marks& Spencer,Laura Ashley,and Body Shop in the UK) ; Best Buy,Sears,Macy's,and Wal-Mart in the US.This reflects:

• A)The lack of major efficiency benefits from international scope in retailing.
• B)The lack of scale economies in retailing.
• C)Limited opportunities for exploiting learning benefits in retailing (e.g.by transferring best practices).
• D)The lack of major efficiency benefits from international scope combined with the need for national differentiation.

Understand the differences in motivation between franchisees and salaried managers.

Explore the concepts of risk sharing and shirking in franchise relationships.

Grasp the dynamics of franchisee versus franchisor relationships.

Understand the basic principles of franchising and its benefits versus company-owned stores.

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Definitions:

Pomegranates

Fruits with a tough outer skin and a multitude of edible seeds inside, known for their sweet and tart flavor and health benefits.

Aging

The process of becoming older or more mature, often referring to the biological and social changes that occur over time in living organisms.

Asparagus

A spring vegetable known for its slender spears, considered a delicacy in many cuisines around the world.

Aging Process

The natural progression of physical, psychological, and social changes in humans as they grow older.