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question 166

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Multiply. Multiply.


Definitions:

Franchisee

An individual or company that acquires the rights to operate a business under the franchisor's brand and business model.

Orangetheory Fitness

A franchise-based fitness company offering hour-long, high-intensity workout classes that combine cardiovascular and strength training.

Limited-Service

Refers to businesses or offerings characterized by a reduced or more focused range of services, typically at a lower cost.

Exclusive-Service

A service provided under conditions where the provider has agreed to supply services exclusively to a specific customer or market segment.

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