The Major Trade Association of Franchising Is the ______

question 21

Multiple Choice

The major trade association of franchising is the ______.

• A) International Franchise Association
• B) American Franchisee Association
• C) American Association of Franchisees and Dealers
• D) Global Franchise Association

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Definitions:

Variable Costs

Costs that vary directly with the level of production or sales volume.

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.

Net Income

The total earnings of a company after subtracting all expenses, taxes, and costs.

Variable Costs

Variable costs are expenses that change in proportion to the activity or production level of a business.