In the Context of Franchising, Which of the Following Statements

question 9

Multiple Choice

In the context of franchising, which of the following statements is true of a business format franchise?

• A) It is an agreement that a franchisee sends to the franchisor to acquire the items required to set up the franchise.
• B) It is an arrangement which allows a franchisor to make a product and issue a license to a franchisee to sell it.
• C) It is an agreement that a franchisor sends to a franchisee, communicating all the standard requirements that the franchisor expects him to follow.
• D) It is an agreement in which franchisor grants the franchisee the right to both make and sell its good or service.

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Definitions:

Moratorium-achievement

A term in identity development referring to a period of exploration followed by a commitment to a certain identity or role.

Identity Achieved

A status in identity development where an individual has explored and committed to specific personal and occupational roles and beliefs.

College Freshman

A student in the first year of study at a college or university.

College Senior

A student in the final year of a college or university undergraduate degree program.