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After You Have Identified One or Two Possibility Choices for a Franchise

question 29

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After you have identified one or two possibility choices for a franchise opportunity, the next step is to:


Definitions:

Demand Management

The process of forecasting and managing customer demand to optimize supply chain and production processes.

Supply Chain

The entire network of organizations involved in creating and delivering a product or service, from raw materials to the end user.

Marginal Subcontracting Cost

The additional cost incurred by a company when it chooses to outsource work or production to a subcontractor instead of handling it internally.

Layoff Cost

Expenses incurred by a company when it dismisses employees, including severance pay, benefits continuation, and other related costs.

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