The Franchise Disclosure Document Contains a Total of 23 Categories

question 67

True/False

The Franchise Disclosure Document contains a total of 23 categories of information that give a prospective franchisee a broad base of information about the background and financial health of the franchisor.

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Definitions:

Product Development Time

The duration it takes from conceptualizing a product until its introduction into the market.

Tooling

Refers to the process and equipment used in the manufacturing process to produce components, including cutting tools, molds, dies, and other specialized machinery.

Sales Clerk

An employee who assists customers and handles transactions in a retail environment.

Express Mail Service

An international postal Express Mail Service for documents and merchandise, provided by postal operators of the Universal Postal Union.