Franchising Opportunities Have Often Evolved from Changes in the Environment

question 51

Multiple Choice

Franchising opportunities have often evolved from changes in the environment as well as important social trends.This is not one of the factors responsible:

• A)good health.
• B)environmental consciousness.
• C)acceptance of different cultures.
• D)the second baby boom.

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Definitions:

Marginal Revenue Product

The extra revenue generated from employing one additional unit of a resource.

Marginal Cost

The additional cost incurred by producing one more unit of a product, which can vary depending on the level of production.

Pareto Efficient

A distribution of resources where improving the situation of one person cannot be achieved without detriment to another.

Net Benefit

The total positive effects or outcomes of a decision or action minus its total negative effects or costs.