Exit Barriers to a Firm Would Include

question 7

Multiple Choice

Exit barriers to a firm would include:

• A)emotional barriers
• B)non-specific assets
• C)low government restrictions
• D)low fixed costs of exit

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Definitions:

Franchisors

Companies or individuals that allow an entrepreneur to license their business model and brand for a franchisee to operate under.

Lawyer

A specialist authorized to provide legal counsel or act on behalf of others in court cases.

Franchising Systems

Business models where a brand allows individual proprietors to use its trademarks and methods in exchange for a fee and adherence to brand standards.

Differ

To be unlike or distinct in nature, form, or characteristics.