Use the Following Table to Answer the Question : Table

question 90

Multiple Choice

Use the following table to answer the question : Table 16-1 : shows the total number of pizzas produced by 7 workers.
-Refer to Table 16-1.If the pizza industry is competitive and the price of a pizza is $10,then which of the following is correct?

• A)The total revenue from the sale of 4 pizzas is $30.
• B)The marginal value product of the fifth worker is $20.
• C)The marginal product of the fourth worker is 2 pizzas.
• D)The marginal revenue from selling the fifth pizza is $-10.

Understand the advantages and disadvantages of becoming a franchisee.

Analyze the strategic considerations in selecting a franchise, including market considerations and exclusive territory agreements.

Evaluate the support and resources provided by franchisors to franchisees, including marketing and financial assistance.

Recognize the importance of professional advice (legal, financial) when entering into franchise agreements.

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Definitions:

Functional Design

The aspect of design focused on optimizing the functionality of a product or system, emphasizing utility over form.

Geographic Design

The planning and creation of spatial arrangements or environments based on geographical principles and data.

Specialized Activities

Activities that require specific skills or expertise, often contributing to the efficiency or quality of output in organizational contexts.

Product Design

Product design involves creating new products with specific focus on their usability, functionality, and aesthetics to meet the needs and preferences of consumers.