Discuss the future of franchising. Explain the forecasted trends and their potential impact on investors?

Opportunities that become available to an entrepreneur only after preceding decisions have been made are called:

There are some 4.5 billion people in the base of the pyramid as customers, diverse suppliers and strategic distribution and retail partners. These people live primarily in Asia, Africa and South America. The BOP is defined as those people that earn less than $ 8  per day. They are value demanding consumers, resilient and creative entrepreneurs, producers, business partners and innovators. Because they are largely excluded from formal markets, there is a strong demand for innovative products, services and technologies that provide access to basic needs. *** Consultant 1 argues that businesspersons should turn their attention to the poorest of the 4 billion people in developing markets, the core of the base of the pyramid, who are slowly but steadily becoming part of the market economy. While per capita income is small, she believes the potential size of this market is huge and represents the next frontier of globalization. She notes that firms focused on developed markets may need to…

In the midst of a multitude of facts, data, and statistics, what fundamental economic models and analytic methods can managers employ to make sense of how market forces affect opportunities and constraints?