McDonald's Is an Example of a ________ Franchise

question 30

Multiple Choice

McDonald's is an example of a ________ franchise.

• A)conversion forms
• B)trade name
• C)product distribution
• D)pure

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Definitions:

Staples

Basic or essential food items and products that are consumed regularly and necessary for daily living.

Paper Clips

Small pieces of bent wire or plastic used for holding sheets of paper together.

Utility-Maximizing

The process by which individuals choose consumption bundles that will give them the greatest amount of satisfaction or utility.

Diminishing Marginal Utility

The decrease in satisfaction or usefulness as additional units of a product are consumed.