Franchisors Give Franchisees the Right to Use Their Name and Product

question 78

True/False

Franchisors give franchisees the right to use their name and product, with the understanding that franchisees obtain all financing and develop all marketing strategies on their own.

---

Definitions:

Thomas Theorem

The sociological theory that situations defined as real are real in their consequences, emphasizing the importance of perception in social dynamics.

Self-Fulfilling Prophecy

A prediction that directly or indirectly causes itself to become true due to positive feedback between belief and behavior.

Social Class Bias

The tendency to make judgments or assumptions about individuals based on their social class or socioeconomic status.

Secondary Socialization

The process of learning appropriate behavior within smaller sections of the larger society, typically occurring during later childhood and adulthood, often through institutions like schools and workplaces.