Which of the Following Does NOT Contribute to an Improved

question 9

Multiple Choice

Which of the following does NOT contribute to an improved standard of living?  

• A) increases in the amount and quality of available resources 
• B) better technology 
• C) lower prices for the necessities of life 
• D) improvements in the rules of the game

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Definitions:

Franchisee

The small businessperson who purchases the franchise so as to sell the product or service of the franchisor.

Franchised Businesses

Companies that grant licenses to individuals or entities, allowing them to operate a branch of the business using its brand, systems, and support.

Exclusive Rights

Special privileges granted to an individual or organization, allowing them to be the sole party with the legal right to use, produce, or sell a particular product or service.

Franchisee

An individual or company that has been granted the right by a franchisor to use a specific business trademark, model, or formula in a particular location.