Rhonda Recently Entered into a Contractual Agreement with StellarCutz,a National

question 60

Multiple Choice

Rhonda recently entered into a contractual agreement with StellarCutz,a national chain of affordable,walk-in hair salons.Under the agreement,Rhonda uses the StellarCutz trade name and receives support from StellarCutz in terms of business methods and processes.Rhonda paid a start-up fee to StellarCutz and will pay annual licensing fees for the use of the StellarCutz brand.Which of the following best describes Rhonda's business?

• A) franchise
• B) factory outlet
• C) superstore
• D) acquisition
• E) joint agreement

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Definitions:

Research Design

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Research Question

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Primary Data

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Open-ended Questions

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