Which of the Following Occurs If There Is a Quality-Of-Life

question 50

Multiple Choice

Which of the following occurs if there is a quality-of-life innovation?

• A) Positive externalities are reduced, or negative externalities are increased.
• B) Positive externalities are increased, or negative externalities are reduced.
• C) New goods or services are created, allowing people to do things that they could not do before.
• D) More of the same products can be produced at lower cost.

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Definitions:

Franchise Agreements

Contracts between the franchisor and franchisee outlining the terms under which the franchise operates, including fees, rights, and responsibilities.

Lawyer

Someone with the qualifications to advise on legal affairs or represent clients in matters of the law.

Franchise Agreement

A legal, binding contract between a franchisor and franchisee, outlining the terms and conditions of the franchise arrangement.

Franchisors

Companies or individuals that allow an entrepreneur to license their business model and brand for a franchisee to operate under.