McDonald's Recently Set Up Several Small Franchises in Nontraditional Locations

question 43

Multiple Choice

McDonald's recently set up several small franchises in nontraditional locations such as a hospital, a college campus, an airport, a subway station, and a sports arena. These locations are based on the principle of ________.

• A)conversion franchising
• B)intercept marketing
• C)multi-unit franchising
• D)cobranding

Apply the concept of marginal analysis to pricing and consumption decisions.

Interpret and analyze diagrams and tables related to marginal and total benefits.

Understand the concept of marginal analysis and how it applies to decision making in various contexts.

Analyze the impact of changes in marginal benefit and marginal cost on optimal decision making.

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Definitions:

Determined Actions

Refers to actions whose outcomes are influenced or dictated by prior conditions or laws, suggesting a lack of free will.

Compatibilism

The thesis that both determinism (in some interpretations) and free action can be true. Determinism does not rule out free action, and the possibility of free action does not require that determinism be false. They are compatible positions.

Kant

Immanuel Kant was an 18th-century German philosopher whose work in epistemology, ethics, and aesthetics had a profound influence on modern Western philosophy, especially through his doctrine of transcendental idealism.

Practical Reason

The application of our rationality to practical problems—particularly moral problems—the solution to which consists in action (as opposed to a statement or a theory).