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A third-grader calls out an answer in class, without raising his hand. The teacher says, "Is your arm broken, Johnny?" The teacher's remark can be called a(n)
Franchise Termination
The legal ending of a franchise agreement, either through the expiry of the contract term, mutual agreement, or breach of contract.
Franchise Agreement
A legal contract in which a franchisor grants the franchisee the rights to use its trademark, sell its products, or operate under its brand for a specified period.
Terminate the Franchise
The process of legally ending or cancelling a franchise agreement before its specified term concludes.
Price-Cutting
A strategy where prices are significantly reduced, often below those of competitors, to attract customers or increase market share.
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