Which of the Following Is an Advantage of Franchising to the Franchisee

question 30

Multiple Choice

Which of the following is an advantage of franchising to the franchisee?

• A)reduced expenses as the franchisor provides supplies, equipment, and products
• B)minimum initial investments or royalty payments are applicable
• C)use of a well-known, recognizable brand name
• D)franchisee holds much power, including superior bargaining power

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Definitions:

Matched Pairs

A study design in which subjects are paired based on certain characteristics, with one subject from each pair receiving each treatment.

Parameter

A numerical characteristic or measure of a population, such as its mean or variance, which is often estimated using sample data.

Population

The entire aggregation of items or individuals from which samples can be drawn for statistical analysis.

Degrees of Freedom

The number of independent pieces of information available to estimate another piece of information or the parameter of a distribution.