What Question Is the Least Important When Developing a Franchise

question 27

Multiple Choice

What question is the least important when developing a franchise from an independent business?

• A)Who will develop the operations manual?
• B)Is the business replicable?
• C)How will growth be financed?
• D)What expert assistance will be needed for legal matters?

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Definitions:

Novation

is the act of replacing one obligation with another by mutual agreement, effectively transferring the rights and duties of one party under a contract to another party.

Delegation

The process of assigning specific duties or authority from one person to another within an organization or group.

Liability

A legal obligation or debt that an entity is required to pay to another.

Commerce Bank

A financial institution providing banking services, such as deposits, loans, and other financial products to individuals and businesses.