One of the Most Important Features of the Franchise Contract

question 75

Multiple Choice

One of the most important features of the franchise contract is the provision related to

• A)the sale or transfer of the franchise to a government entity.
• B)changes in management.
• C)termination and transfer of the franchise.
• D)termination of contracts with suppliers.

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Definitions:

Current Prices

Prices of goods and services measured during the current year or period, not adjusted for inflation.

Technology

The use of scientific expertise to achieve practical goals, particularly within industrial sectors.

Minerals

Naturally occurring, inorganic substances with a definite chemical composition and physical properties, found in the earth’s crust.

Reserves Available

The quantities of resources or commodities in storage or available for use.