A Microfranchise Is a Type of Franchising Concept Which Is

question 32

True/False

A microfranchise is a type of franchising concept which is seen as a good way for economically disadvantaged people to make a living.

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Definitions:

Creative Destruction

A process in which new inventions and technologies create new industries and ways of doing things, leading to the demise of older industries and practices.

DVDs

Digital Versatile Discs, a type of optical storage media used for storing digital data including video, audio, and computer files.

Videocassettes

Magnetic tape media used for storing video recordings, now largely obsolete due to digital technology.

Resource Prices

The costs associated with the inputs used in production, such as labor, capital, and raw materials.