Companies such as McDonald’s (fast-food chain), Dunkin’ (coffee company), Organgetheory Fitness (fitness company), and Planet Fitness (another fitness company) are examples of a _______, where the company licenses the entire business to an individual or group for a fee and royalties.

Company Z, a chain of convenience stores and coffee shops known for its made-to-order foods, boasts one of the highest sales-per-store ratios in the nation. Using the SWOT analysis, how would you classify the status of the company’s sales?

Vandan’s Bakery has decided to hold and maintain its present size and not expand into the global market. Considering this scenario, what type of grand strategy is in use?

Discontinuous change is continual improvement that takes place within the existing technology cycle.

What type of change does culture change illustrate?

When an entrepreneur starts a new business, they face the liability of newness, as it takes time to develop a reputation and gain legitimacy.

To improve its overall output, a bottler of fresh spring water purchased a new conveyor belt system to move the bottles more effectively and efficiently from one part of the facility to another part of the facility. What type of change does this scenario illustrate, namely as it relates to the new conveyor belt system?

NVivo is a qualitative data analysis computer software package. When you open a project from a previous version of NVivo into the latest version, you are prompted to convert your project to the new version’s project format. What force of change does this description illustrate?

A multinational technology company is considering ways it can expand its business and improve value for its shareholders. The company is in the process of strategic planning.

A U.S.-based firm sells potato chips. The chips are made exclusively from potatoes grown in Canada. When the U.S. buys the potatoes from Canada, this is an example of exporting.