Which of the Following Statements About Franchising Is True

question 39

Multiple Choice

Which of the following statements about franchising is true?

• A) It guarantees consistent product quality.
• B) It tends to involve more short-term commitments than licensing.
• C) It is a specialized form of licensing.
• D) It is employed primarily by manufacturing firms.

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Definitions:

Concerns

Matters of interest or importance to someone, often implying worry or anxiety about potential problems or issues.

Using Product

The act of employing a product for its intended purpose, which may involve testing its features, durability, and overall performance.

Design Thinking

A problem-solving approach that involves empathizing with users, defining problems, ideating, prototyping, and testing.

Practice of Entrepreneurship

The ongoing engagement in activities related to starting and managing new business ventures.