McDonald's Uses Decentralization as a Way to Maintain Standardization

question 176

True/False

McDonald's uses decentralization as a way to maintain standardization.

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Definitions:

Market Imperfections

Conditions within the marketplace that prevent the efficient allocation of resources or the achievement of market equilibrium, such as monopolies, externalities, or information asymmetries.

Persistent Unemployment

The continuous existence of high levels of unemployment within an economy over an extended period, often indicating structural economic problems.

Mainstream Economics

A body of economic thought and theory that is widely accepted and practiced by economists and policy makers, characterized by a focus on markets, efficiency, and equilibrium.

Paid

Receiving money or compensation in exchange for work or services rendered.