Which type of franchising system grants the franchisee the right to market the product and trademark and use a complete operating system?
A. Business format franchising
B. International franchising
C. Trademark franchising
D. Product format franchising
Answer: A
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Adapting the marketing plan, a force that contributes to the successful implementation of a marketing plan, involves ________
A) conducting a variance analysis B) using an adaptive rollout C) creating ownership teams D) promoting the business-as-usual routine E) developing and using detailed action plans
The best definition of assets is the
a. cash owned by the company. b. resources belonging to a company having future benefit to the company. c. collection of resources belonging to the company and the claims on these resources. d. owners' investment in the business.
Compared to the trait approach, the situational approach ______.
A. suggests leaders need to be fluid not fixed B. is descriptive in nature, making them similar C. defines the key characteristics leaders need to navigate all situations D. views leader openness as more important than intelligence
Protective Corporation acquired 70 percent of the common shares and 60 percent of the preferred shares of Safety Corporation at underlying book value on January 1, 20X6. At that date, the fair value of the noncontrolling interest in Safety's common stock was equal to 30 percent of the book value of its common stock. Safety's balance sheet at the time of acquisition contained the following balances: Assets$700,000 Liabilities$110,000 Preferred Stock 100,000 Common Stock 200,000 Retained Earnings 290,000 Total Assets$700,000 Total Liabilities and Equities$700,000 The preferred shares are cumulative and have an 8 percent annual dividend rate and are three years in arrears on January 1, 20X6. All of the $10 par value preferred shares are callable
at $12 per share. During 20X6, Safety reported net income of $80,000 and paid no dividends.Based on the preceding information, what is Safety's contribution to consolidated net income for 20X6? A. $56,000 B. $48,000 C. $80,000 D. $72,000