Which of the Following Is True About Franchising

question 44

Multiple Choice

Which of the following is true about franchising?

• A) The parties in a franchising arrangement usually compete with each other for success.
• B) The franchisee is the company that owns the franchise's name and distinctive elements and grants others the right to sell its product.
• C) A franchise is an agreement whereby an independent businessperson is given exclusive rights to sell a specified good or service.
• D) The franchiser is usually an independent local businessperson who agrees with the franchise owner to operate the business on a local or regional basis.

---

Definitions:

Filtering

The process of screening, selecting, or reducing information to manage what is passed through to avoid information overload or to emphasize certain data.

Negative Feedback

A process or response where the results of a behavior or action are used to decrease or dampen further occurrence of that behavior or action.

E-mail

A method of sending messages electronically from one computer user to another, typically via the internet.

Written Communication

The process of conveying information or expressing ideas through the writing of symbols, words, or sentences.