Which of the Following Is True of a Franchise

question 32

Multiple Choice

Which of the following is true of a franchise?

• A)The franchisor and franchisee are established as separate legal entities.
• B)A franchisee does not need a license to use the franchisor's trademark.
• C)The franchisee does not have access to the franchisor's knowledge.
• D)A franchise is considered as a joint venture.

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Definitions:

Geocentric Companies

Companies that adopt a global approach to their operations, not favoring any particular country, and seeking the best approaches and people from around the world.

Best Available Talent

The most skilled and suitable individuals for a particular job or task, considering the current pool of candidates or workforce.

Asians

Refers to individuals originating from the continent of Asia, often used in the context of discussing cultural, demographic, or sociological characteristics.

Westerners

Typically refers to individuals from Western Europe, North America, and other areas influenced culturally and politically by these regions.