Franchising Refers to

question 132

Multiple Choice

Franchising refers to

• A) a contractual agreement between multiple retailers sharing the same business mission to operate with a consistent business model to not only achieve enhanced buying power but also increase customer loyalty.
• B) a contractual arrangement between a parent company and an individual or firm that allows the latter to operate a certain type of business under an established name and according to specific rules.
• C) purchasing the name, branding, and raw materials from one organization and transferring it to another.
• D) a practice whereby one firm's marketing channel is used to sell another firm's product.
• E) selling an idea to a larger company and letting it do all the manufacturing, distribution, and marketing.

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Definitions:

Two-wire Control

A control system that utilizes two conductors to connect an electrical device to a power source for operation.

Mechanically Held

Describes devices or components that are kept in position through mechanical means rather than magnetic or adhesive forces.

Electrician

A skilled tradesperson who installs, maintains, and repairs electrical power systems and equipment.

Pilot Device

A device used to control or manipulate the operation of electrical machines through minor input adjustments.