Franchising Accounts for More Than $1 Trillion of Annual U

question 109

Multiple Choice

Franchising accounts for more than $1 trillion of annual U.S.sales and nearly one-third of all retail transactions.Franchises are distinguished by three characteristics,which are: (1) The franchisee pays for the right to be part of the system: (2) the franchisor provides its franchisees with a system for doing business; and (3) ________.

• A) the franchisor controls all actions of the franchisee including hiring and marketing decisions
• B) the franchisee has unlimited freedom to change the operation once he/she pays the upfront charges
• C) the franchisor owns a trade or service mark and licenses it to franchisees in return for royalty payments
• D) the franchisor receives a percentage of sales from the franchisee for the right to belong
• E) none of the above

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Definitions:

Rocky Mountains

A major mountain range in western North America, extending from Canada through the United States, known for its stunning landscapes and biodiversity.

River Profile

The gradient of a river's bed, or its slope, from its source to its mouth, often characterized by various features like rapids and waterfalls.

Graphs

Diagrams that represent data, mathematical functions, or relationships between variables, typically using points, lines, bars, or slices.

Typical

Characteristic of a particular group, class, or category, often used to describe what is considered normal or expected.