Which of the Following Is True of Franchising

question 29

Multiple Choice

Which of the following is true of franchising?

• A) It requires little financial investment by the franchisor.
• B) It is a business operation in a foreign country that a firm fully owns.
• C) It involves creating goods within a firm's home country and then shipping them to another country.
• D) It refers to a firm purchasing an existing business from a foreign operator.
• E) It is most frequently used in manufacturing industries.

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Definitions:

Notice of Dishonor

A formal notification given to parties involved that a negotiable instrument, like a check, has been dishonored or refused for payment.

Big Bank

A term often used to refer to the largest banks in a particular region or country, which have a significant impact on the overall banking and financial system.

Fiber Optic Cable

A Fiber Optic Cable is a network cable that contains strands of glass fibers inside an insulated casing, designed for long-distance, high-performance data networking and telecommunications.

Construction Worker

An individual employed in the physical construction of buildings and infrastructure projects.