The Two General Types of Franchises Are

question 130

Multiple Choice

The two general types of franchises are

• A)product-format franchises and distribution franchises.
• B)business-format franchises and manufacturing franchises.
• C)venture franchises and general service franchises.
• D)manufacturing franchises and venture franchises.
• E)business-format franchises and product-distribution franchises.

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Definitions:

Income Statement

A financial report that shows a company's revenues, expenses, and profits over a specific period, providing insight into its operational efficiency.

Received Utility Bill

An invoice received for the consumption of utility services such as electricity, water, or gas.

Increase Liabilities

This occurs when a company incurs more debts or obligations, leading to an uptick in the claims against its assets.

Borrowed Money

Funds that have been obtained through loans that are expected to be repaid with interest.