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Answer:
b. incur the opportunity cost of ignoring the wishes of others.
Explanation:
Opportunity cost in economics is seen as the forgone cost of doing something.
So in this instance where private ownership rights are well defined, everyone knows what is his own and what belongs to others.
The opportunity cost of this will be to ignore the wishes of others. They must now consider the wishes of others.
A franchise business can be started with purchasing a franchise rights, these rights are usually sold by chain businesses however there are some small businesses who also provide franchise.
<h3 /><h3>What is a Franchise?</h3>
A franchise is a legal right to run the operations of a business under the same name, however there are some factors that needs to be maintained these factors are mentioned in the agreement and must be met by the franchisee at all times.
In return for the franchise there is a lump sum payment which entitles the acquirer/ franchisee for the use of legal name of that business, also these rights are for a certain number of years.
For the duration of the franchise agreement the franchise owner is responsible for all the advertisement expenditure.
When starting a new business it is recommended that a franchise is acquired if they have no past experience of the business.
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Compliance is a feature of secure access.
<h3>What is secure access?</h3>
This is the term that is used in cyber security to mean the bringing together of secure cloud security into the cloud services.
It works by enabling both security and network together as a service that can be rendered via cloud. What this helps to do is to ensure the safety and the security of the services.
Read more on security of computer systems here:
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