______ Are Visual Tools That Can Be Used to Make

question 98

Multiple Choice

______ are visual tools that can be used to make decisions in intermittent processes.

• A)Gantt charts
• B)Assignment methods
• C)Pie charts
• D)Milestone charts

Recognize the various types and examples of franchising.

Acknowledge the historical development of franchising.

Grasp the economic impact of franchised businesses, including job creation.

Comprehend the process and benefits of becoming a franchisee.

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Definitions:

Monopoly Power

The exclusive control or significant influence over a market by a single company, allowing it to restrict competition and dictate prices.

Price Discriminating

It involves charging different prices for the same product or service to different consumers, based on the willingness to pay, often to maximize sales and profits.

Pure Monopolist

A single seller in a market that produces a unique product without close substitutes, controlling the market price.

Marginal Cost

The cost incurred by producing one additional unit of a product or service.