The First,second and Third Growth Wave in Franchising Respectively,are

question 66

Multiple Choice

The first,second and third growth wave in franchising respectively,are:

• A)low-cost franchises that focus on niche markets;shift to service sector;fast-food restaurant using the concept of rapid growth.
• B)fast-food restaurant using the concept of rapid growth;shift to service sector;low-cost franchises that focus on niche markets.
• C)low-cost franchises that focus on niche markets;fast-food restaurant using the concept of rapid growth;shift to service sector.
• D)shift to service sector;low-cost franchises that focus on niche markets;fast-food restaurant using the concept of rapid growth.

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Definitions:

Production Efficiencies

Occurs when a firm or economy can no longer produce additional amounts of a good without lowering the production level of another product.

Trade Surplus

A situation where a country's exports exceed its imports during a specific period, reflecting a positive balance of trade.

Imported More

A situation where a country or region purchases and brings in more goods or services from other countries than it sells to them.