Which of the Following Aspects a Franchisee Must Consider Before

question 45

Multiple Choice

Which of the following aspects a franchisee must consider before signing the franchise agreement?

• A) Whether a new business aligns with his/her interest and skills
• B) Willing to invest the time in the day-to-day management of the new business
• C) Willing to invest capital to buy and run the franchise
• D) All of the above

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Definitions:

E-money Transactions

Financial transactions carried out electronically, using digital currencies or electronic substitutes for cash.

Electronic Fund Transfer Act

A US federal law designed to protect consumers engaging in electronic transfers, including ATM transactions, direct deposits, and other electronic payments.

Commercial

Related to the buying and selling of goods and services or to business activities in general.

Consumer

An individual who purchases goods or services for personal use rather than for manufacturing or resale.