What is franchising?
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Franchising is a marketing system whereby an individual owner conducts business according to the terms and conditions set by the franchiser. The franchise is the agreement granting the right to do business and specifying the terms and conditions under which the business will be conducted. The franchiser is the company that owns the franchise's name and distinctive elements (such as signs, symbols, and patents) and that grants others the right to sell its product. The franchisee is usually an independent local businessperson who agrees with the franchise owner to operate the business on a local or regional basis. While the franchisee is given the right to market the franchiser's designated goods or services, that marketing must be done according to the terms of the licensing agreement. The contract specifies what the franchisee can and cannot do and prescribes certain penalties for noncompliance.
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Identify and describe the three general subcultures that exist in most organizations.
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Which method of costing focuses on the cost of activities and then allocates these costs to products using a variety of activity bases?
a. activity-based costing method b. allowance method c. single plantwide overhead rate method d. multiple plantwide overhead rate method
A(n) ________ is a person whose advice or view carries some weight in making a final purchasing decision
Fill in the blank(s) with correct word
The expected return of a portfolio of two investments will be equal to the sum of the expected returns of the two investments plus twice the covariance between the investments
Indicate whether the statement is true or false