Which of the Following Is Considered an Advantage for Both

question 229

Multiple Choice

Which of the following is considered an advantage for both the franchisee and the franchisor?

• A) Guaranteed success
• B) Economies of scale in buying
• C) Promotion savings
• D) Recognition
• E) Management assistance

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Definitions:

Product

An item or service created for sale or use, offering value to customers.

Marketing Mix

An assortment of controllable variables by a company aimed at encouraging customers to buy its offerings, namely product, price, place, and promotion.

Vending Machine

A machine operating automatically that dispenses products like snacks, drinks, and various items to customers once they input money, use a credit card, or insert a purpose-made card.

Marketing Mix

A blend of elements under a company's control designed to motivate purchases by consumers, often referred to as the product, price, location, and advertising.