Peter Has Applied for a Loan to Purchase a Franchise

question 94

Multiple Choice

Peter has applied for a loan to purchase a franchise of a popular convenience store in an area that is experiencing rapid population growth.If the loan is approved,it will MOST likely be because ________.

• A) there is less risk associated with a franchise than with an independent business start-up
• B) the franchise company will provide the financing
• C) the population growth justifies the market need for the store
• D) the franchise company will prevent other franchisees from operating in the same area
• E) the franchise company has influence over the bank's loan decisions

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Definitions:

Compensatory Strategy

A method designed to offset or make up for a deficiency or limitation, often utilized in educational settings, workplace accommodations, or social policies.

Specific Learning

Pertains to a particular or focused area of learning, often implying specialized education.

Wheelchair

A chair mounted on wheels for use by individuals who cannot walk due to illness, injury, or disability.

Social Policy

Policies designed to address social issues and improve human welfare, including education, health, housing, and employment.