The What Went Wrong? Boxed Feature in Chapter 15 Focuses

question 28

Multiple Choice

The What Went Wrong? boxed feature in Chapter 15 focuses on things that can go wrong in opening franchise outlets overseas. The specific obstacle or obstacles involved with franchising overseas, focused on in the feature, are:

• A) finding attractive markets to operate in
• B) shipping and transportation costs
• C) finding qualified franchise owners overseas
• D) exchange rates
• E) differences in language and customs

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Definitions:

International Economy

The interconnected system of global trade and finance that facilitates the exchange of goods, services, and capital across borders.

High Tariff Barriers

High tariff barriers are elevated taxes imposed on imported goods to protect domestic industries from foreign competition.

Higher Education

Educational programs beyond secondary school, including universities, colleges, and vocational schools, often leading to degrees or other qualifications.

Boom

A period of significant economic growth, increased productivity, and rising consumer demand.