The Two Primary Forms of Franchising Are _____ Franchising and _____

question 110

Multiple Choice

The two primary forms of franchising are _____ franchising and _____ franchising.

• A) product; service
• B) co-branding; multibrand
• C) product and trade name; business format
• D) individual; business

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Definitions:

Imperfect Information

A situation where all parties in a transaction do not have the same or complete information, often leading to inefficiencies in decision making.

Best Choice

The best choice indicates the most suitable or advantageous option selected from a range of alternatives.

Mental Models

Internal representations of the outside world that individuals use to understand and interact with it.

Production Blocking

A phenomenon in group brainstorming sessions where the flow of ideas is inhibited because only one person can speak at a time.