Cajun Chicken, a Growing Franchise Chain Based in Lafayette, Louisiana

question 39

Multiple Choice

Cajun Chicken, a growing franchise chain based in Lafayette, Louisiana, has expanded to 185 locations in the United States. Because they realize that domestic growth is limited, the owners are contemplating expansion to selected foreign countries. Thus far, research has shown that the rights to use many of the firm’s recipes can be sold to other restaurants, cafeterias, and food stores. Cajun can also sell prepackaged food products, complete with spices, to other markets. At this point, whether to start by opening company-owned outlets or selling franchises is still a toss up. In any case, the long-term picture looks good.
-In selling prepackaged food products and spices to foreign outlets,Cajun would be engaged in _____.

• A)licensing
• B)franchising
• C)exporting
• D)outsourcing

Evaluate investment opportunities by determining present and future values.

Understand the concept of present value and how it is calculated.

Analyze the impact of different discount rates on present value.

Calculate the number of payments or the amount of an investment given a specific rate of return.

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Definitions:

Objective Measures

Quantifiable indicators used to assess performance, attributes, or outcomes in a non-biased manner.

Projective Tests

Psychological assessments that use ambiguous stimuli to elicit responses that are thought to reveal a person's unconscious thoughts, feelings, and conflicts.

Career Counseling

A professional guidance process that helps individuals understand their skills, interests, and values to make career decisions and navigate career paths.

Individual Differences

Variations among individuals in terms of their abilities, personality, interests, and other psychological traits.