Franchise expansion. Pete Zahs, Inc., is selling franchises for pizza shops throughout

Chapter 3, Problem 8

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Franchise expansion. Pete Zahs, Inc., is selling franchises for pizza shops throughout the country. The marketing manager estimates that the number of franchises, N, will increase at the rate of 10% per year, that is, a) Find the function that satisfies this equation. Assume that the number of franchises at is 50. b) How many franchises will there be in 20 yr? c) In what period of time will the initial number of 50 franchises double?

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