McPherson's,an Ice Cream Retailer,recently Entered into an Agreement That Allows

question 58

Multiple Choice

McPherson's,an ice cream retailer,recently entered into an agreement that allows independent businesspeople at select stores and locations across the country to sell its famous ice creams and milk shakes for a monetary consideration.Which type of contractual retail association is described in the above example?

• A) corporate chain
• B) voluntary chain
• C) franchise organization
• D) independent retailer
• E) retailer cooperative

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Definitions:

Long Crime Wave

An extended period during which rates of reported crime substantially increase, often sparking widespread social concern and demands for legal or policy responses.

Downswing

A decline or decrease in performance, activity, or quality, often observed in economic cycles.

1960s

A decade characterized by significant social, political, and cultural changes worldwide, including civil rights movements and the emergence of counterculture.

1980s

A decade characterized by significant cultural, political, and technological developments, spanning from 1980 to 1989.