Franchised Businesses Are Successful Both Domestically and Internationally)because

question 21

Multiple Choice

Franchised businesses are successful both domestically and internationally) because:

• A)They require very little start-up revenue.
• B)People prefer the owners and employees of franchised businesses.
• C)Laws require franchisors to provide the same level of service to franchisees.
• D)Customers like the predictability of the product and/or service.

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Definitions:

Fixed Resources

Assets and inputs in the production process that cannot be easily increased or decreased in the short term, such as land and machinery.

Producer

An individual, company, or entity that creates goods or provides services to satisfy consumer demand.

Genetically Modified Seeds

Seeds that have been modified in the laboratory using genetic engineering techniques to possess certain desired traits, such as increased resistance to pests or herbicides.

Corn Producers

Individuals or entities engaged in the cultivation and sale of corn.