Match the Term with Its Definition

question 106

Multiple Choice

Match the term with its definition.
-Actions by franchisors to void the contracts of franchisees in order to sell the franchise to someone else and collect an additional fee

• A)area developers
• B)business brokers
• C)business format franchising
• D)churning
• E)co-branding
• F)due diligence
• G)encroach
• H)master licensee
• I)multiple-unit ownership
• J)product and trade name franchising

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Definitions:

Kitchen Benchtops

The flat surfaces in a kitchen on which food can be prepared, often made from materials such as stone, laminate, or timber.

Mixed Cost

Expenses that have both fixed and variable components, changing in total with the level of activity but not proportionately.

Manufacturing Overhead

All indirect costs associated with the manufacturing process, including indirect labor, materials, and factory-related expenses.

Raw Materials

Basic substances in their natural, modified, or semi-processed state, used as inputs for manufacturing finished goods.