Suppose That Within the Next Four Years McDonald's Wants to Double

question 50

Short Answer

Suppose that within the next four years McDonald's wants to double the number of franchised restaurants in the Toronto area. This is
a short-term goal.
an intermediate goal.
a strategic target.
a long-term goal.
a midrange goal.

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Definitions:

Inflation

The rate at which the general level of prices for goods and services rises, eroding purchasing power over time.

High Interest Rates

A condition in the financial market where the cost of borrowing money is elevated, usually due to high inflation, increased demand for credit, or tight monetary policy.

Capital Item

Long-term assets or investments used in the production of goods and services, such as buildings, machinery, and equipment.

Machinery

Machines collectively or a system of devices that operate together to perform a particular task.