Mark opened a café in his neighborhood. Soon his café became very popular, and his revenues started increasing. Steve, the owner of a popular restaurant, saw Mark's success and asked him to join his restaurant. The financial incentive that Steve offered Mark was more than what he earned at his café. Moreover, Mark would not have to face the daily hassles of managing everything on his own. Mark decided to shut down his café and join the restaurant. This is an example of:
A. bankruptcy.
B. foreclosure.
C. discontinuance.
D. formal failure.
Answer: C
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A ________ is a franchise in which a franchisee operates under the franchisor's trade name and is identified as part of the franchisor's business
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