Franchising

question 10

Multiple Choice

Franchising: 

• A) is the only imitation strategy discussed in the text.
• B) reduces risk of downside loss.
• C) is the same as the me-too strategy.
• D) reduces the amount of competition an entrepreneur will face.

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Definitions:

Fort Sumter

A federal fort in Charleston Harbor, South Carolina, notable for the first shots of the American Civil War being fired there in 1861.

Charleston Harbor

a notable body of water located in South Carolina, known historically for its strategic importance during both the American Revolution and the Civil War.

Civil War

A conflict between citizens of the same country.

Extension of Slavery

The historical process of expanding the institution of slavery into new territories in the United States before the Civil War.