Which of the Following Is a Trend in the Area

question 92

Multiple Choice

Which of the following is a trend in the area of franchising?

• A) One out of every 14 working Canadians is employed by a franchise.
• B) Franchises are becoming less expensive to fund.
• C) Franchisees determining their own pricing and marketing.
• D) Franchisees are able to negotiate better pricing than franchisors.

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Definitions:

Market Supply Curve

Represents the total quantity of a good that sellers are willing to sell across all price points in a given market.

Cotton Producer

An entity or individual engaged in the cultivation and production of cotton.

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, resulting in market balance.

Marginal Cost

The added total cost resulting from the manufacture of one more unit.