Franchising Refers to

question 132

Multiple Choice

Franchising refers to

• A) a contractual agreement between multiple retailers sharing the same business mission to operate with a consistent business model to not only achieve enhanced buying power but also increase customer loyalty.
• B) a contractual arrangement between a parent company and an individual or firm that allows the latter to operate a certain type of business under an established name and according to specific rules.
• C) purchasing the name, branding, and raw materials from one organization and transferring it to another.
• D) a practice whereby one firm's marketing channel is used to sell another firm's product.
• E) selling an idea to a larger company and letting it do all the manufacturing, distribution, and marketing.

---

Definitions:

Nursing Associations

Professional organizations that advocate for the interests of nurses and nursing as a profession, often providing resources, education, and policy support.

Government Policy

The set of plans and actions undertaken by a government to achieve specific goals within a society, covering a wide range of issues from economy to social welfare.

Health Care

The organized provision of medical care to individuals or communities, including preventative, curative, palliative, and rehabilitative services.

Patient

A person who is waiting for or undergoing medical treatment and care.