Which of the following is true for franchisees?
A) The franchisee is paid by the franchisor to be part of the franchise system.
B) The franchisee licenses a trade mark to the franchisor.
C) The franchisee must change its operations to suit those of the franchisor's.
D) The franchisee collects royalty payments from the franchisor.
E) The franchisee owns the trade or service mark.
C
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On January 1, Gemstone Company obtained a $165,000, 10-year, 7% installment note from Guarantee Bank. Thenote requires annual payments of $23,492, with the first payment occurring on the last day of the fiscal year. Thefirst payment consists of interest of $11,550 and principal repayment of $11,942 . The journal entry to record thepayment of the first annual amount due on the note would include a
a. debit to cash for $11,942 b. credit to interest payable for $11,550 c. debit to notes payable for $11,942 d. debit to interest expense for $23,492
What are the secondary sources of data and how do these sources differ from primary sources? Give examples of sources from which secondary data can be obtained
What will be an ideal response?
The final step in the training process is to ______ how effective the training was at developing the needed skills.
A. control B. remediate C. assess D. reinforce
Jacques Torres Chocolate is a factory and retail store in Brooklyn. Its owner is willing to try to produce new products when his customers suggest them--such as chili-pepper-laced chocolate candy. His only condition is that when he adds new products, his customers have the final say on whether the product is of any value. According to Torres, "If something doesn't move, that's the last time you see it." By focusing on customers' wants, the chocolate company exhibits a(n)_____ orientation.
A. exchange B. product C. production D. sales E. market