The What Went Wrong feature in Chapter 15 focuses on Curves International, the fitness center for women. Since 2006 Curves has closed more than 4,000 locations
Which of the following reasons was not identified in the feature as one of the possible explanations for why so many Curves centers have closed?
A) An inability to find enough potential franchisees
B) The poor economy
C) Cheaper competition
D) The company failed to keep up with changing trends, including more flexible hours for busy working women.
E) The company sold too many franchises that are located too close together.
A
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Which one of the following correctly defines the retention ratio?
A. one plus the dividend payout ratio B. addition to retained earnings divided by net income C. addition to retained earnings divided by dividends paid D. net income minus additions to retained earnings E. net income minus cash dividends
"All of the following are examples of social (governmental) insurance EXCEPT
A) Medicaid B) fraternals C) workers' compensation D) Medicare"