If a Product Is __________ from Existing Products, It Can

question 50

Multiple Choice

If a product is __________ from existing products, it can be defined as new.

• A)functionally different
• B)the same in function but different in color
• C)the same in form but different in its packaging
• D)significantly different in price
• E)requires a distribution channel different

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Definitions:

Prospective Franchisees

Individuals or entities considering the acquisition of franchise rights to operate a business under the franchisor's brand and system.

State Approval

Formal consent given by a governmental entity authorizing an action, policy, or regulation to take effect.

Sole Proprietorship

A type of business structure where a single individual owns, manages, and is responsible for all aspects of the business, including debts.

Proprietor

The owner of a business or property.