The first Midas muffler repair shop opened in Macon, Georgia, in 1956. Within ten years, Midas had added shock absorber services and expanded beyond the United States into the European market. By 1986, Midas had added brake services and opened shops around the world. Today, with more than 1,700 locations, Midas is a leader in muffler and exhaust services. It also offers comprehensive auto programs for tires, maintenance, and commercial fleet services. Recently, the company has renewed its focus on its franchise and real estate businesses.
WHAT IF THE FACTS WERE DIFFERENT?
Suppose that Pack had late payments. Would the result in this case have been different? Explain.
THE ECONOMIC DIMENSION
Why are rent and other payments due under a lease subject to strict time deadlines?