GymFlow, the company profiled in the opening feature in Chapter 8, created a mobile app that shows how busy a gym is at any given point in time.
According to the case, in regard to financial management, the cofounders of GymFlow found that ________ was one of their most difficult challenges.
A) managing accounts payable
B) managing accounts receivable
C) projecting future income
D) projecting future expenses
E) completing financial statements
Question 2
The Partnering for Success feature in Chapter 15 focuses on how franchise organizations can boost their sales while at the same time reduce their expenses. The technique that the feature recommends to achieve these dual objectives is ________.
A) strategic alliances
B) joint ventures
C) outsourcing
D) licensing
E) co-branding
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