Molefi Signed a Contract Allowing Him to Use Brian's Business

question 42

Multiple Choice

Molefi signed a contract allowing him to use Brian's business model and sell products approved by Brian.Molefi is a/an:

• A)franchise.
• B)franchisor.
• C)franchisee.
• D)independent business operator.

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Definitions:

Pipeline Inventory

Inventory that is in transit or in the process of being transported between the supplier and the buyer, often considered part of the overall inventory on order but not yet available for use or sale.

Safety Inventory

Additional stock kept to mitigate the risk of stockouts due to fluctuations in demand or supply lead times.

Cycle Inventory

Inventory that is held or processed in batches, cycling through the production and supply chain processes.

Retailers

Businesses or individuals that purchase goods from manufacturers or wholesalers to sell them directly to consumers.