A(n)_____ Is a Continuing Relationship in Which an Individual or Business

question 100

Multiple Choice

A(n) _____ is a continuing relationship in which an individual or business grants business rights to operate or sell a product to another individual or business.

• A) leasing contract
• B) alliance for profit
• C) brokered partnership
• D) franchise
• E) countertrade

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Definitions:

Average Tax Rate

The ratio of the total amount of taxes paid to the total tax base (income), showing the percentage of income paid in taxes.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, expressed as a percentage change.

Excise Tax

A tax levied on specific goods or commodities sold within a country, such as alcohol and cigarettes.