McPherson's,an Ice Cream Joint,recently Entered into an Agreement by Which

question 74

Multiple Choice

McPherson's,an ice cream joint,recently entered into an agreement by which it allowed independent businesspeople at select stores and locations across the country to sell its famous ice creams and milk shakes for a monetary consideration.The argument that the agreement was a franchise agreement is strengthened by the fact that ________.

• A)McPherson's is a part of a corporate chain that prevents it from forming business alliances autonomously
• B)McPherson's is a department store that is trying to avoid the wheel-of-retailing
• C)McPherson's products are in the introductory stage of the product life cycle
• D)McPherson's is a company that enjoys substantial goodwill and security in the market
• E)McPherson's competitors have entirely different product lines and mixes

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Definitions:

Practical Intelligence

The ability to solve everyday problems through the use of experiential knowledge and skills.

Linguistic Intelligence

The ability to understand, learn, and apply language effectively.

Crystallized Intelligence

The ability to use learned knowledge and experience, which typically increases or remains stable with age.

Fluid Intelligence

The ability to solve new problems, use logic in new situations, and identify patterns.