There Are Four Popular Types of Franchising: (1) __________, (2)

question 174

Multiple Choice

There are four popular types of franchising: (1) __________, (2) manufacturer-sponsored wholesale franchise systems, (3) service-sponsored retail franchise systems, and (4) service-sponsored franchise systems.

• A)contractual-sponsored franchise systems
• B)wholesaler-sponsored franchise systems
• C)manufacturer-sponsored retail franchise systems
• D)horizontal-marketing franchise systems
• E)customer-oriented franchise systems

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Definitions:

Logical Principles

Fundamental concepts that serve as the foundation for reasoning and making coherent arguments.

Legitimate Authority

The right to govern or make decisions granted through a formal position or through social acceptance, recognized as lawful and respectful.

Five Rules of Management

A set of principles aimed at improving management efficiency and effectiveness in an organization.

Henri Fayol

A French engineer and scholar who is best known for developing one of the earliest theories of management that emphasized management practices and the principles of organizing, commanding, coordinating, controlling, and planning.