There Are Three General Types of Franchising Arrangements

question 10

Multiple Choice

There are three general types of franchising arrangements. In one approach, the franchisor authorizes retailers to sell a particular brand-name item. This type of arrangement is common in all of the following areas except

• A) the soft-drink industry.
• B) truck and car sales.
• C) shoe sales.
• D) the gasoline industry.
• E) paint sales.

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Definitions:

Expectations

beliefs about the future, especially about how someone or something is going to behave or perform.

Stereotyping

The act of assigning a set of characteristics to a group of people based on oversimplifications or assumptions, often leading to misrepresentation.

Organizational Settings

refers to the work environment and conditions under which a company or institution operates, including its culture, structure, and processes.

Fundamental Attribution Error

A cognitive bias in which people tend to overemphasize personal characteristics and ignore situational factors when explaining others' behavior.