Franchising Trends Include All of the Following Except

question 46

Multiple Choice

Franchising trends include all of the following except:

• A)new markets located close to attractions
• B)ffresh looks
• C)declining demand in the lodging industry
• D)expansion into smaller cities and foreign markets

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Definitions:

Diminishing Marginal Utility

The principle that as a person consumes more of a good, the additional satisfaction gained from consuming an additional unit of the good decreases.

Limited Budget

A financial plan that is constrained by a limited amount of resources, requiring prioritization and careful management.

Utility Maximization

The economic principle whereby individuals or firms seek to allocate their resources in a way that maximizes their satisfaction or utility.

Total Utility Data

Information that measures the overall satisfaction or benefit a consumer derives from consuming a certain quantity of goods or services.