Reference no: EM132172581
1. When discussing independence in chains
A. There are a few competitive advantages of independence as compared with chains
B. Franchised units have aspects in common with chains but not with independents.
C. Independence have strength and some areas that chains find difficult to compete with.
D. The role of chains is changing but that of the independent has remained static
2. Which of the following is a primary consideration under resource acquisition?
A. Income elasticity B. Income inequality C. Existence of trading blocs D. Labor E. Price
3. ___________ refers to the amount of imports that a given amount of a country's exports can buy.
A. Import substitution
B. Terms of trade
C. Balance-of-trade adjustment
D. Export-led development
E. Ad valorem
4. Motels rebuild after World War II because of the
A. Housing shortage
B. Hotel shortage
C. Huge growth in auto ownership and it’s effect on travel
D. Huge growth in travel by the baby boomers
5. In On site food service, success is measured by
A. Sales volume
B. Advertising budget
C. Menu diversity
D. The participation rate of guests