Which of the Following Statements Is True About International Franchisors

question 23

Multiple Choice

Which of the following statements is true about international franchisors?

• A) Entry into numerous foreign markets is tough and costly.
• B) Maintaining control over franchisee is seldom difficult.
• C) Franchisors need to invest substantial capital.
• D) Franchisees may use franchise knowledge to start a competing business.

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Definitions:

Bricklayers

Skilled tradespeople who lay bricks to construct brickwork, an essential component in building structures from walls to pathways.

Equilibrium Market Wage Rate

The wage rate at which the quantity of labor firms wish to employ equals the quantity of labor workers wish to supply.

Quantity Demanded

The overall volume of a commodity or service that is desired and can be bought by consumers at a specific price point.

Market Wage Rate

This is the prevailing rate of pay for workers in a particular job or industry, determined by the supply of and demand for labor.