In an Organizational Transformation

question 74

Multiple Choice

In an organizational transformation

• A) there are incremental changes to the way things have always been done.
• B) the change may affect only one or a few of the functional areas of the business.
• C) there is always a sharp break with the past and every aspect of the business will probably change.
• D) there is a change in outlook, but rarely a change in procedures or investment in infrastructure.

Understand the concept of economizing scale in franchising and its sources.

Recognize the ethical and legal standards governing franchised businesses.

Identify the potential negative impacts on a franchisee's business due to the performance of other franchisees.

Understand the franchise agreement terms and clauses, including renewal and termination rights.

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Definitions:

Cause-Related Marketing

A marketing strategy where businesses partner with non-profit organizations or causes to market a product or service with the aim of benefiting both parties.

Charitable Giving

The act of donating money, goods, or time to nonprofit organizations or causes in order to help others or support societal welfare.

Sponsorship

Involves providing funds for a sporting or cultural event in exchange for a direct association with the event.

Consumer Rights

Legal entitlements that protect buyers of goods and services, ensuring they are treated fairly and safeguarded against fraudulent or unfair practices.