Instead of Setting Up a Business to Market Her Own

question 3

Multiple Choice

Instead of setting up a business to market her own products, Rita considers entering into a distributorship franchise with Sports Equipment Corporation. This involves the transfer of

• A)a license.
• B)a trade name.
• C)the formula to make a certain product.
• D)the ownership of the business.

---

Definitions:

Real Wages

Wages adjusted for inflation, representing the purchasing power of the income received by workers for their labor.

Wage Differentials

The variations in wage rates due to factors like occupation, industry, geographic location, or skills, affecting income distribution among workers.

Productivity

A measure of the efficiency of production, often quantified as the ratio of output to inputs in a manufacturing or production process.

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or their community.