In Which of the Following Does the Franchise Operate Under

question 87

Multiple Choice

In which of the following does the franchise operate under the franchisor's business name and act subject to the franchisor's standards and methods of business operation?

• A)Distributorship
• B)Manufacturing arrangement
• C)Chain-style business operation
• D)Marketing intermediary arrangement
• E)Commercial partnership

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Definitions:

Marketing Strategy

An organization's integrated plan for reaching specific marketing-related objectives within a given timeframe, involving the marketing mix, segmentation, targeting, and positioning.

Controls

Mechanisms or procedures established by an organization to direct, regulate, or manage its activities, operations, or systems to ensure accuracy, efficiency, and compliance.

Shareholders

Individuals or entities that own shares in a company, giving them ownership interests and possibly influencing the company's decisions.

Profit

represents the financial gain obtained when the revenue from business activities exceeds the expenses, costs, and taxes involved in sustaining the activity.