Examlex
Scott Abrams was driving to Calgary from Edmonton,when he got off Highway 2 to have some lunch.Abrams was surprised to find a fast-food outlet that contained both a Tim Horton's and a Wendy's franchise.What is this new trend in franchising called?
Supply
The total quantity of a good or service that businesses are willing and able to sell at a given price level.
Product
Any item or service that is created through a process and is offered for sale to consumers.
Resources
Inputs used in the production of goods and services, such as labor, capital, land, and technology.
Prices
The monetary values attached to goods, services, or resources, determined by factors like supply, demand, production cost, and market conditions.
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