Operations Standards Are Most Rigid and the Choice of Suppliers

question 55

Multiple Choice

Operations standards are most rigid and the choice of suppliers is most restricted in which ownership and management alternative?

• A)franchise
• B)buying an existing business
• C)starting a new business
• D)partnership

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Definitions:

Special Interest Groups

Organizations comprising members with shared interests or goals that attempt to influence public policy and decision-making processes.

Public Choice Theory

An economic theory that explores how public decisions are made, emphasizing the self-interest of voters, politicians, and bureaucrats.

Special Interest Groups

Organizations that advocate for specific causes or interests, influencing public policy and opinion.

Infant-Industry

An industry in its early stages within a particular country, often argued to need protection from international competition until it becomes competitive.