A franchising strategy is typically associated with:
A. High costs
B. Quickly building a global presence
C. High risk
D. Slowly building a global presence
Ans: B. Quickly building a global presence
Explanation: Franchising a business is strategy used for the expansion of the business in global market for rapid growth in lesser time it also contain less risk than any business strategy.
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In Econland population increased from 1 million to 1. 1 million, the number of employed workers increased from 500,000 to 600,000, but average labor productivity decreased from $20,000 per worker per year to $19,000 per worker per year. Total output in Econland ________ and the average standard of living ________.
A. increased; increased B. decreased; decreased C. increased; decreased D. decreased; increased
Table 11-1 Y = C + I + G C = 500 + 0.8(Y?T) I = 300 G = 700 T = 0.25Y Refer to Table 11-1. What is the level of consumption in this model?
A. 2,950 B. 2,750 C. 2,550 D. 2,350 E. 2,150
The interest rate effect shows that if the price level increases
A) consumers and businesses will increase their spending to buy the same amount of goods as before to make up for the higher interest rates. B) consumers and businesses will decrease their spending as the interest rate increases, thereby pushing up the cost of acquiring funds. C) U.S. exports and imports will both decrease. D) the real value of financial assets will increase.
All of the following are problems associated with maintaining a cartel except
a. cartels are illegal. b. a large amount of information is needed to coordinate a cartel. c. profits are not maximized by a cartel so it will evolve into a monopoly. d. each member of the cartel has an incentive to "chisel" by expanding output.