Which of the Following Is True for Franchisees

question 133

Multiple Choice

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.

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Gasoline

A petroleum-derived liquid used primarily as fuel in internal combustion engines.

Substitute Goods

Products or services that can serve as replacements for each other; when the price of one increases, the demand for the other increases.

Liquid Laundry Detergent

A water-based cleaning agent used for washing clothes, which is specially formulated to dissolve, suspend dirt and soils, and rinse them away, leaving the fabric clean.

Powdered

Reduced to a fine or dust-like particle size through grinding or pulverization.