Of the Following Elements, a Potential Franchisor Should Be Concerned

question 14

Multiple Choice

Of the following elements, a potential franchisor should be concerned most about:

• A) renewal and termination terms.
• B) hours of business operation.
• C) future Canadian/US dollar exchange rates.
• D) supply chains.

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Definitions:

Skinner

An influential American psychologist best known for his work in behaviorism and the development of the theory of operant conditioning.

Recognition

The cognitive process of identifying previously encountered information from a group of choices.

Cognitive Process

The cognitive process of gaining knowledge and comprehension via thinking, experiencing, and sensory perception.

Familiar

Well known from long or close association.