Which of the Following Statements Is Not True Concerning a Franchise

question 11

Multiple Choice

Which of the following statements is not true concerning a franchise?

• A)Franchisors must give a detailed disclosure document to any person who is considering becoming a franchisee.
• B)Franchisees are entitled to a 7- day cooling- off period after signing a franchise agreement.
• C)Franchisors must transfer their intellectual property rights in a geographical area to the franchisee who has bought the franchise rights to that area.
• D)Franchisees are protected by a mandatory (compulsory)code of conduct.

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Definitions:

Mass Customization

A strategy that allows consumers to personalize specific aspects of a product while still producing it in large volumes, combining the benefits of mass production with individual customization.

Online Shopping

The act of purchasing products or services over the Internet, allowing consumers to buy goods from the comfort of their own homes.

Value Cocreation

A business strategy that emphasizes the collaboration between companies and customers to produce mutual value.

Production Processes

The methods and sequences of operations used by manufacturers to produce goods, involving material selection, fabrication, and assembly.