Short answer

Instructions: You are required to answer the following questions. Please do not repeat

the questions on your answer sheet. Instead, please list the answers

numerically/sequentially by simply utilizing 1, 2, 3, and 4.

1. High speed trains are very successful in Europe, Japan, China, and other

countries. Would the development of a high speed rail system in the U.S. be

successful? Why or why not?

2. As identified in Chapter 5, there are four main problems with transportation. List

and briefly describe each (Congestion, Safety and security, Environmental damage,

Seasonality) What are 2 solutions to each problem?

3. Explain why fast-food companies have prospered and expanded so rapidly in the

last two decades. How is their operation and business model different from usual

table service types of restaurants? Is the fast-food market economically

sustainable going forward?

4. Define franchising. What are the trends and benefits associated with franchising?

What are some negatives associated with franchising?