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Instructions: Identify the Following

question 3

Short Answer

Instructions: Identify the following. Be as specific as possible, and include names, dates, and relevant facts as appropriate. Be sure to explain the significance of the person or term.
Treaty of New York


Definitions:

Franchise

A business model that allows one to license the rights to operate a business under an established brand and system.

Franchisor

Is a business entity that grants the right to use its trademark, business model, and operational system to an individual or entity (franchisee) in exchange for a franchise fee.

Disclosure Statement

A document outlining the critical information and terms of a financial transaction, often mandated by law to protect consumers.

Bulk Purchasing

The acquisition of goods or products in large quantities, often at a discounted price.

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