The Biggest Challenge Facing the Growth of New Franchises Is

question 107

Multiple Choice

The biggest challenge facing the growth of new franchises is:

• A)the lack of capital.
• B)competition from independent entrepreneurs.
• C)market saturation.
• D)the recent downturn in the economy.

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Definitions:

Depreciation

The reduction in the value of an asset over time, often due to wear and tear or obsolescence.

Net Domestic Product

The total value of all goods and services produced within a country in a specific period, minus depreciation.

Depreciation

The process of allocating the cost of a tangible asset over its useful life, reflecting a decrease in its value over time.

Consumption

The use of goods and services by households, which is a primary component of GDP and a key indicator of the economic health of a society.