Which of the Following Statements Is Correct Regarding Business Format

question 38

Multiple Choice

Which of the following statements is correct regarding business format franchises?

• A) Business format franchises are less popular than product and trademark franchises.
• B) A business format franchise can be very rigid and demanding.
• C) Agricultural machinery dealerships and soft-drink bottlers are well-known examples of business format franchises.
• D) Business format franchises are illegal in some states.
• E) The business format franchisor obtains the majority of its income from selling its products to its dealers at a markup.

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Definitions:

Explanation

A statement or account that makes something clear by describing it in detail, often to elucidate a particular phenomenon.

Geologic Timescale

A system used by geologists to describe the timing and relationships between events that have occurred throughout Earth's history.

Stratigraphic Timeline

A chronological ordering of layered sedimentary rocks, representing the sequential events in the Earth's geologic history.

Mesozoic Era

A major subdivision of geologic time from 251 million years ago (Ma) to 65 Ma; characterized by dinosaurs.