To answer this question, we need to understand what is meant by a "new franchise market" and then analyze each option to determine which one fits the given criteria.
A franchise market refers to a market where a company grants the rights to another party to operate a business using its brand, products, and business model. In this context, a "new franchise market" would mean a market where a company is expanding its franchise operations.
Let's go through each option to understand why it is correct or incorrect:
Option A) JC Penny - JC Penny is an American department store chain, but there is no information provided to suggest that it expanded its franchise operations in 2011. Therefore, this option is incorrect.
Option B) Levis - Levi's is a well-known clothing brand, but there is no information provided to suggest that it expanded its franchise operations in 2011. Therefore, this option is incorrect.
Option C) Morocco and Jordan - This option is correct because it mentions specific countries (Morocco and Jordan) where a new franchise market was established in 2011. This implies that a company expanded its franchise operations to these countries. Therefore, this option is correct.
Option D) Marc Jacobs - Marc Jacobs is a fashion brand, but there is no information provided to suggest that it expanded its franchise operations in 2011. Therefore, this option is incorrect.
The correct answer is C) Morocco and Jordan. This option is correct because it mentions specific countries where a new franchise market was established in 2011.