An Evaluation of Franchising Would Conclude That This Type of Arrangement

question 89

Multiple Choice

An evaluation of franchising would conclude that this type of arrangement

• A) has become the dominant form of business organization in the United States because it has many advantages and almost no disadvantages.
• B) appeals to people who want to own a business, but are not comfortable starting a company from scratch.
• C) has a much higher risk of failure than independent companies.
• D) has little chance of success outside the United States because many foreign countries do not allow such arrangements.

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Definitions:

Flowcharting

A graphical representation of a process, illustrating the sequence of operations or steps involved, often used in planning and problem-solving.

Run Chart

A simple graphical tool used to display observed data in time order, commonly used in quality improvement processes to identify trends.

Priorities

The importance, ranking, or urgency assigned to tasks or projects, determining the order in which they should be addressed.

Procedures

Established methods or protocols followed in order to accomplish tasks or operations consistently and efficiently.