Which of the Following Is LEAST Likely an Advantage of Franchising

question 38

Multiple Choice

Which of the following is LEAST likely an advantage of franchising for franchisors?

• A) obtaining financial capital
• B) growing the brand quickly
• C) avoiding monitoring costs
• D) motivating local managers
• E) overseeing hiring practices

Compare and contrast different types of rationing mechanisms beyond price such as queuing and ration coupons.

Understand the role of opportunity cost in assessing the true cost of commodities or services.

Grasp the concept of supply and demand elasticity and how changes in these affect market outcomes.

Evaluate the effects of externalities and government policies on domestic production and consumption.

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Definitions:

Model

No clear definition without context, but generally refers to a representation or simulation of a process, system, or object.

Deoxyribose

A five-carbon sugar molecule that is a component of DNA, lacking an oxygen atom compared to ribose.

DNA

Deoxyribonucleic acid, a molecule that carries the genetic instructions used in growth, development, functioning, and reproduction.

Ribosomes

Molecular machines within cells that synthesize proteins by translating the genetic information encoded in mRNA.