Which of the Following Statements Is True About Franchising

question 7

Multiple Choice

Which of the following statements is true about franchising?

• A) It is a channel used exclusively for distribution of consumer durable goods.
• B) The franchisee and franchisor are linked by a bond of voluntary cooperation rather binding contracts.
• C) Generally, franchise marketing channels are more closely knit i.e., closer relationships) than conventional channels.
• D) The challenges managing a franchise channel are fundamentally the same as those encountered in conventional channels.
• E) All of the above statements are true.

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Definitions:

Long Lead Items

Materials, equipment, or components that have a long delivery time, potentially impacting the project schedule.

Equipment

The necessary items for a particular purpose, often referring to tools or machinery needed for an operation or activity.

Materials

The physical substances or components needed for something, especially those used for construction or manufacturing.

Time And Materials Contract

A contract agreement where payment is based on the actual labor hours worked and materials used.