Abner Signed a Contract Allowing Him to Use Brian's Business

question 49

Multiple Choice

Abner signed a contract allowing him to use Brian's business model and sell products approved by Brian.Abner is:

• A)a franchise.
• B)a franchisor.
• C)a franchisee.
• D)an independent business operator.

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Definitions:

Evaluation

The systematic assessment of processes, systems, or organizations to measure performance, effectiveness, or value.

Rating Systems

Mechanisms or scales used to evaluate or grade a certain attribute or performance of entities, products, or services.

Supply Management

The strategic approach to planning, procuring, and managing a company's supplies and vendors to optimize efficiency and minimize costs.

Demand Management

The process of forecasting, planning, and controlling consumer demand to optimize the supply chain's efficiency and effectiveness.