Franchising Refers to

question 274

Multiple Choice

Franchising refers to

• A)contractual agreement between multiple retailers sharing the same business mission to operate in a consistent, lock-step method not only to achieve enhanced buying power, but to increase customer recognition and loyalty.
• B)a joint venture between a parent company (a franchisor) and an individual or firm (a franchisee) that allows the franchisee to operate a certain type of business under an established name and according to specific rules.
• C)purchasing the name, branding, and raw materials from one organization and transferring it to another.
• D)a practice whereby one firm's marketing channel is used to sell another firm's product.
• E)selling an idea to a larger company and letting them do all the manufacturing, distribution, and marketing.

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Definitions:

Human-Resources

The division of a business or organization that deals with hiring, training, and managing personnel.

Euphemism

A gentle or oblique term used in place of another that is deemed too direct or crude, particularly for discussing something uncomfortable or shameful.

Important Information

Critical or essential data, facts, or instructions that are crucial for understanding, decision-making, or action-taking in a specific context.

Ambiguous Pronoun References

A situation where a pronoun can refer to two or more antecedents, creating confusion about its meaning.