The Use of ________,________,And ________ Enable Franchises to Achieve a Level

question 82

Multiple Choice

The use of ________,________,and ________ enable franchises to achieve a level of coordination similar to that found in retail chain organizations.

• A) prototype stores; standardized merchandise lines; cooperative advertising
• B) royalty-based rental agreements; exclusive territories; franchisee training
• C) franchisee training; prototype stores; independence in setting store hours
• D) cooperative advertising; merchandise lines that are related to regional and local preferences; product/trademark franchising

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Definitions:

Strategic Planning

The process of defining a direction for an organization by setting goals, determining actions to achieve the goals, and mobilizing resources to execute the actions.

Organizational Direction

The guidance or strategy that a company or organization follows to achieve its goals and objectives.

Repetition of Activities

The act of performing the same tasks or procedures multiple times to achieve consistency, proficiency, or for reinforcement.

Critical Thinking Skills

The ability to analyze facts, generate and organize ideas, defend opinions, make comparisons, draw inferences, evaluate arguments, and solve problems.