Which of the Following Is an Advantage That Purchasers of a Popular

question 23

Multiple Choice

Which of the following is an advantage that purchasers of a popular franchise experience?

• A)They get access to the already established brand name or brand equity.
• B)They have great flexibility to make decisions for their individual franchise outlets.
• C)They can enjoy their total profits without having to share anything with the franchisers.
• D)They can easily add or delete a good or service from the existing product line.
• E)They are free to vary their operational processes based on their needs and constraints.

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Definitions:

Accounts Payable

Short-term liabilities of a company, representing amounts owed to suppliers or creditors for goods and services received but not yet paid for.

Office Supplies

Consumable items used in offices on a regular basis, such as paper, pens, and toner cartridges.

Cash Dividends

Dividends paid out in cash by a company from its earnings to its shareholders at declared dividend dates.

Utility Bill

A statement of charges for the consumption of utilities such as electricity, gas, water, or sewage.