Franchising Is a Form of Business Organization in Which a Firm

question 45

True/False

Franchising is a form of business organization in which a firm that already has a successful product or service licenses its trademark and method of doing business to other businesses in exchange for an initial franchise fee and an ongoing royalty.

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Definitions:

Active Listening

A communication technique that involves fully concentrating, understanding, responding, and remembering what is being said.

Sales Staff

Employees or personnel dedicated to selling and promoting products or services of a business.

Referral Interview

An interview that occurs when a job candidate is recommended by an employee or trusted person within the hiring company.

Job Search

The process of actively looking for employment opportunities.