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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Definitions:

Entrepreneurial Ventures

Initiatives that involve recognizing and exploiting business opportunities, leading to the creation and management of a new business.

Entrepreneurship Method

A set of principles and practices used by entrepreneurs to develop, launch, and manage new businesses.

Entrepreneurial Approach

A method or mindset focused on innovation, risk-taking, and proactively seeking out new business opportunities.

Traditional Education

A system of learning based on a standard curriculum, classroom settings, and teacher-led instructions, typically contrasting with online or non-conventional educational methods.