Subway,Denny's,and Circle K Are Examples of _____ Because the Franchisee

question 59

Multiple Choice

Subway,Denny's,and Circle K are examples of _____ because the franchisee buys the right to use the franchisor's approach to doing business.

• A) trade name franchising
• B) product franchising
• C) business format franchising
• D) franchise wholesaling
• E) logistic franchising

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Definitions:

Prime Rate

The interest rate that banks charge their most creditworthy customers, often used as a benchmark for other rates.

Floating Rate Option

An option in a financial instrument that allows for a variable interest rate that adjusts periodically with market conditions.

Grace Period

A set time period after a payment is due during which a late fee is not charged, allowing a short extension for the payment without penalty.

Principal

The initial sum of money placed in an investment or lent out, excluding any interest or earnings.