Differentiate between the three types of franchises and provide examples of each type
What will be an ideal response?
There are three types of franchises. The first type is the manufacturer-sponsored retailer franchise system — for example, Ford and its network of independent franchised dealers. The second type is the manufacturer-sponsored wholesaler franchise system — Coca-Cola licenses bottlers (wholesalers) in various world markets that buy Coca-Cola syrup concentrate and then bottle and sell the finished product to retailers locally. The third type is the service-firm-sponsored retailer franchise system — for example, Burger King and its nearly 12,100 franchisee-operated restaurants around the world.
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LMX theory has been studied from various perspectives over the past 40 years. Briefly describe the three major stages of LMX theory development.
What will be an ideal response?
If 30,000 units of materials enter production during the first year of operations, 25,000 of the units are finished, and 5,000 are 50% completed, the number of equivalent units of production would be 28,500
Indicate whether the statement is true or false
According to Hoffberg and Corcoran, when salespeople engage in fire starting, they are engaging customers and driving them to commit to a solution.
Answer the following statement true (T) or false (F)
Under the CISG, advertisements:
a. take the place of negotiations b. are offers that can be accepted to form a contract c. are illegal d. are binding e. are offers to enter into negotiations