There are two general types of franchises: business-format franchises and ________ franchises.
A. manufacturing
B. product-distribution
C. general service
D. venture
E. distribution
Answer: B
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While viewing businesses in terms of customer needs can suggest additional growth opportunities, a ________ tends to focus on selling a product or service to a current market
A) strategic market definition B) target market definition C) cognitive definition D) product definition E) tactical definition
A(n) _____ interfaces and interacts with other systems.
A. closed system B. host system C. cloud system D. open system
Luca and Emma were shopping for their first house. They both felt a little overwhelmed with this task. Emma decided to make a list of the most important features they wanted in a home, narrowing their options to a list of two bedroom homes in the downtown area that include outdoor space. Luca and Emma used ______ rationality to make the decision.
A. bounded B. satisfactory C. complete D. representative
One of the primary activities of Perez, Inc. is to purchase hats from Toppers, Inc. in Texas and sell them to its customers in New York for a profit. It is likely that Toppers is a ________.
A) manufacturing company B) hybrid company C) service company D) merchandising company