_________ Is Not an Advantage to Franchising as a Market

question 19

Multiple Choice

_________ is not an advantage to franchising as a market entry strategy.

• A)The franchisee has local market knowledge
• B)Products have no need for adaptation
• C)Local management has expertise
• D)Quality control is at the point of customer contact
• E)Economies of scale exist

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Definitions:

Lump Payment

A single, one-time payment made for a significant amount instead of breaking the payment into installments.

Compounded Quarterly

Interest calculation method where the interest is added to the principal every three months or four times a year.

Amortization Period

The total time period over which a loan or a mortgage is scheduled to be paid off through regular payments that cover both principal and interest.

Compounded Semi-annually

A method of calculating interest where the interest amount is added to the principal amount twice a year, leading to compound growth.