Franchising Is an Uncommon Mode of Entrepreneurship in the United

question 38

True/False

Franchising is an uncommon mode of entrepreneurship in the United States

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Definitions:

Marketing Strategy

A long-term plan designed to achieve competitive advantage and meet consumer demands by promoting and selling products or services.

Executive Summary

A concise overview of a document, report, or proposal, summarizing its most important points, designed to give readers a quick preview.

Legal Entity

An organization that has legal rights and obligations, including the ability to enter into contracts, own property, and be subject to lawsuits; can be a corporation, partnership, trust, or non-profit organization.

Personal Liability

Refers to the responsibility individuals have for their actions, especially in legal or financial contexts, where they can be held liable for damages or debts.