A known restaurant brand opening a new franchise or location is an example of…..Select one:a.Industry Growthb.Industry Stagnationc.Consolidationd.None of these

Break Down the Problem

1. Identify the concepts associated with opening a new franchise or location.
2. Determine which option best describes this action.

Relevant Concepts

1. Industry Growth: Refers to an increase in the number of businesses or expansions within a particular industry.
2. Industry Stagnation: Occurs when an industry experiences little to no growth or decline, typically characterized by a lack of new entrants.
3. Consolidation: This term describes the process where companies in an industry merge or acquire each other, leading to fewer but larger companies.
4. None of these: Indicates that none of the provided options are correct.

Analysis and Detail

1. A restaurant brand opening a new franchise or location suggests that the brand is expanding its market presence, which aligns with the concept of industry growth.
2. This act signifies positive movement within the industry as the brand seeks to increase its reach and sales.

Verify and Summarize

• Since the action involves expansion rather than merging (consolidation) or stagnation, the correct choice must be a. Industry Growth.

Final Answer

The correct answer is: a. Industry Growth.