Corporate Pressure to Improve a Factory's Cost Structure or Customize

question 137

True/False

Corporate pressure to improve a factory's cost structure or customize a product to the demands of consumers in a particular nation can start a chain of events that ultimately leads to the development of additional capabilities at that factory.

---

Definitions:

Franchise

What results when one business owner sells to another the right to operate the same business in another location.

Necessity-based Entrepreneurship

Entrepreneurial activities that are initiated as a result of a lack of viable employment options, leading individuals to start their own business to sustain themselves.

Quest for New Opportunities

The proactive and continuous search for new avenues for growth, improvement, or competitive advantage.

Absolute Need

An absolute need refers to a requirement that is essential for survival or to maintain a certain quality of life, without which a significant detriment occurs.