Priceline.com Is an Example of A(n)

question 10

Multiple Choice

Priceline.com is an example of a(n)

• A) cloud based storage service.
• B) ERP.
• C) electronic exchange.
• D) merchant company.
• E) price elasticity solution.

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Definitions:

Federal Franchise Rule

A regulation established by the Federal Trade Commission that requires franchisors to provide full disclosure of material facts to prospective franchisees.

Contract Law

The body of law that governs agreements, obligations, and remedies between parties.

State Law

Legislation enacted by individual states that governs within the state's boundaries, as opposed to federal law which governs at the national level.

Franchise Relationships

Legal and commercial bonds formed between a franchisor and franchisee, where the franchisor licenses its trade name and operations model to the franchisee.