A Master Franchisee, in Addition to Having the Right to Open

question 10

Multiple Choice

A master franchisee, in addition to having the right to open and operate a specific number of locations in a particular area, also has the right to ________.

• A) stop making royalty payments if its sales decline
• B) sell products made by companies other than the franchisor
• C) offer and sell the franchise to other people in its area
• D) use its own operating manuals to run its franchise outlets
• E) stop making royalty payments if it is losing money

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Definitions:

Bootstrapping

A self-funding strategy where entrepreneurs start and grow their businesses using personal finances or revenues generated by the business instead of seeking external investment.

Crowdsourcing

The practice of engaging a 'crowd' or group for a common goal — often innovation, problem-solving, or efficiency.

Information

Data that has been organized and processed to provide meaning and improve decision-making.

Crowdsourcing

The method of gathering data, insights, or materials by requesting input from a broad audience, usually via the online community.