_____ Are Used in Situations in Which Programmed Decision Making

question 65

Multiple Choice

_____ are used in situations in which programmed decision making is appropriate.

• A)Single-use plans
• B)Functional plans
• C)Rolling plans
• D)Scenario plans
• E)Standing plans

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Definitions:

Franchising

A method of conducting business where a franchisor licenses trademarks and proven methods of doing business to a franchisee in exchange for a recurring payment, and usually a percentage of gross sales or gross profits.

Market Analysis

The study of the market within an industry, including the analysis of supply and demand, target demographic, and competition.

Franchise

A type of license that grants a franchisee access to a franchisor's proprietary knowledge, processes, and trademarks, allowing them to sell a product or service under the franchisor's business model.

Questions

Inquiries made to seek information or clarity about a particular subject.