Susan Gilles Wants to Invest in a Tim Horton's Franchise

question 66

Multiple Choice

Susan Gilles wants to invest in a Tim Horton's franchise but opts not to once she finds out just how much it costs to buy a franchise.She decides to start her own independent coffee shop.She understands the need to differentiate her business from all the other coffee shops,given the type of competition that exists in this industry,which is:

• A)an oligopoly.
• B)perfect competition.
• C)monopolistic competition.
• D)a monopoly.

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Definitions:

Popliteal Artery

The artery located behind the knee that provides blood supply to the lower leg, knee, and thigh.

Tachypnea

Abnormally rapid breathing.

Rapid Breathing

An increased rate of respiration, which may occur due to exercise, stress, or medical conditions.

Internal Factor

An element within an organization or system that can affect its performance and outcomes.