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If Others Believe You Have the Right, by Virtue of Your

question 49

Short Answer

If others believe you have the right, by virtue of your position, to influence or control their behavior, you are said to have_______________ power.


Definitions:

Chain-style Business

A business model where multiple outlets of the same company offer the same product or service, typically under the same brand.

Franchisor

A business entity that grants the right to an individual or group to carry out commercial activities using its trademark and business model in exchange for a fee or royalty.

Franchisee

The seller of goods or services under a trade name or trademark in a franchise.

Trade Name

The name by which a business is known to the public, differing from its legal name, under which it carries out its business activities.

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