Which of the Following Is a Disadvantage for the Fast-Food

question 93

Multiple Choice

Which of the following is a disadvantage for the fast-food franchisee?

• A)on-going management training programs
• B)a peer group for support
• C)royalty fees
• D)short-term credit for buying supplies
• E)recognized name and product

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Definitions:

Least Cost

A principle or strategy focused on achieving a particular objective at the minimum possible cost.

Short Run

A period in economics where at least one factor of production is fixed, and firms can only partially adjust to changes in market demand.

Input

Resources such as labor, materials, and capital used in the production of goods and services.

Planned Output

The quantity of goods or services that a company intends to produce in a specific period.