An Unproven Franchise

question 23

Multiple Choice

An unproven franchise:

• A)requires the franchisee to make a larger investment than a proven one.
• B)is riskier than a proven one.
• C)offers more excitement and challenge than a proven one.
• D)could see constant reorganization that could result in confusion and mismanagement.

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Definitions:

Industrial Revolution

A period of major industrialization that took place during the late 1700s and early 1800s, leading to significant advancements in technology, manufacturing, and transportation.

Information Age

The current era characterized by the rapid creation, sharing, and manipulation of information, largely facilitated by digital technology.

Development of Computers

The historical and ongoing advancement of computer technology, from early mechanical calculators to modern digital computers.

Productivity Growth

Productivity growth refers to an increase in the efficiency of production or output per unit of input, typically measured over time and considered crucial for economic development.