In ________, an Individual or Firm Contracts with a Parent

question 208

Multiple Choice

In ________, an individual or firm contracts with a parent company to set up a business or retail outlet.

• A) an administered system
• B) a vertically integrated chain
• C) aretail-sponsored cooperative
• D) afranchise system
• E) acorporate system

---

Definitions:

Philosophy

The study of fundamental questions regarding existence, knowledge, values, reason, mind, and language.

Acceptance

The act of receiving or consenting to something, recognizing it as valid or appropriate.

Virtuous Life

A way of living that aligns with moral and ethical standards, focusing on achieving moral excellence through virtue.

External Events

Happenings or occurrences that take place outside of an individual's or organization's control, impacting them indirectly.