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Demonstrate graphically and explain verbally the concepts of economies of scale,constant return to scale,and diseconomies of scale.
Distributorship
A type of franchise in which the franchisor manufactures a product and licenses a dealer to sell the product in an exclusive territory.
Franchisor
A person or company that grants the license to a third party for the conducting of a business under the franchisor's marks and methods.
Exclusive Territory
A designated geographic area where a specific party has the exclusive right to operate, sell, or perform services.
Manager-managed LLC
A form of Limited Liability Company (LLC) where management responsibilities are assigned to designated managers rather than all members.
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Q170: Which of the following statements is true