Which of the Following Statements Best Summarizes the Experience of American

question 7

Multiple Choice

Which of the following statements best summarizes the experience of American franchisors in foreign countries?

• A) Very few American franchisors of any size have had success in international markets.
• B) Large franchisors have had success in other nations, but newer and smaller franchisors have lacked the financial strength and reputation to succeed in global markets.
• C) The only nations in which American franchisors have achieved any success are Great Britain and Mexico.
• D) Both large and small franchises have found success in foreign countries by providing convenience and a predictable level of service and quality.

---

Definitions:

School of Economics

An academic discipline that studies the production, distribution, and consumption of goods and services.

President Nixon

The 37th President of the United States, serving from 1969 to 1974, known for his foreign policy achievements and his resignation in the wake of the Watergate scandal.

Great Recession

A significant decline in economic activity spread across the economy, lasting from late 2007 to mid-2009, considered the largest downturn since the Great Depression.

Economic Thought

The study of how societies use scarce resources to produce valuable commodities and distribute them among different people. It encompasses the evolution of economic ideas and theories over time.