A franchise agreement between Grid Tools Company and Hometown Hardware, Inc, is silent on a time for termination of the franchise. Grid Tools may
a. never terminate.
b. terminate at any time.
c. terminate on reasonable notice.
d. terminate on three days notice.
C
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Pickrel Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed Element per Month Variable Element per Well ServicedRevenue $5,500Employee salaries and wages$53,700 $1,300Servicing materials $600Other expenses$34,400 When the company prepared its planning budget at the beginning of November, it assumed that 27 wells would have been serviced. However, 31 wells were actually serviced during November.The amount shown for "Employee salaries and wages" in the planning budget for November would have been closest to:
A. $88,800 B. $94,000 C. $93,400 D. $81,348
Which of the following is NOT considered an element of the legal environment?
A) public policies B) general economic conditions C) laws D) government agencies E) pressure groups
Which of the following statements accurately compares marketing to final consumers with marketing to organizational customers?
A. As compared to B2B buyers, consumers are more likely to utilize purchasing specifications. B. As compared to those made by consumers, purchasing decisions by organizational buyers are usually more economic and less emotional. C. Marketing to organizations is just like marketing to final consumers. D. Firms may choose to serve either organizational buyers or final consumers, but not both. E. Business-to-business marketing includes marketing to final consumers.
The value chain includes both the upstream and downstream activities of a business.
a.true b. false