A franchise is a method of doing business in which ________
A) an entrepreneur sets up and manages a small business based on an innovative idea or product
B) a company's products or services are sold to independent third-party operators under the company's name
C) a company buys ownership of another company and absorbs its employees and customer base into its own structure
D) a business is able to achieve rapid sales growth in the service sector due to taking advantage of many advertising opportunities
E) a small company is bought by a larger one and is absorbed into its existing structure
B
Explanation: B) By definition, a franchise is a method of doing business in which the franchisor sells a company's products or services under the franchisor's name to independent third-party operators called franchisees.
You might also like to view...
With so many opportunities to apply for jobs online, is it still worthwhile to prepare a traditional paper résumé? Why or why not?
What will be an ideal response?
What are three acceptable test validation strategies?
What will be an ideal response?
Successful Six Sigma projects are likely to accomplish all of the following except?
a. Meet strategic business objectives b. Reduce product/service variation c. Increase inventory levels d. Produce a product/service that satisfies the customer
The Framers of our Constitution, a true cross section of the population at the time, created the Constitution by amending the Articles of Confederation, which had been the governing document of the colonists
Indicate whether the statement is true or false