When Subway Sandwiches Uses Secondary Data to Determine the Best

question 50

Multiple Choice

When Subway Sandwiches uses secondary data to determine the best location for its franchise outlets,this is an example of:

• A)site analysis
• B)model building
• C)database marketing
• D)market tracking

---

Definitions:

Perfectly Competitive

A market structure characterized by many buyers and sellers, free entry and exit, and a homogenous product, leading to no single consumer or producer having market power.

Short Run

A period in economics where at least one factor of production is fixed, and firms can't adjust all inputs.

Cherry Industry

The market segment that deals with the cultivation, distribution, and sale of cherries.

Long-run Equilibrium

A state in which all factors of production are optimally allocated in the long term, resulting in the efficient operation of markets with no tendencies for change under constant conditions.