Which of the Following Is Not One of the Basic

question 173

Multiple Choice

Which of the following is not one of the basic types of franchising arrangements?

• A)A producer franchising a number of stores to sell a particular brand of product
• B)A wholesaler franchising a number of producers
• C)A producer franchising a number of wholesalers to sell to retailers
• D)The franchising of brand names,techniques,procedures,or services
• E)All of these are basic types of franchising.

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Definitions:

Entrepreneurship

A way of thinking, acting, and being that combines the ability to find or create new opportunities with the courage to act on them.

Traditional Marketing

Marketing strategies and tactics that rely on traditional channels such as print ads, television commercials, radio, and direct mail.

Supply and Demand

A fundamental economic concept describing the balance between the quantity of a commodity available and the quantity of that commodity people want, determining its market price.

End User Profile

A detailed description of the final consumer who uses the product, including demographics, needs, and preferences.