There Are Four Popular Types of Franchising: (1) __________, (2)

question 174

Multiple Choice

There are four popular types of franchising: (1) __________, (2) manufacturer-sponsored wholesale franchise systems, (3) service-sponsored retail franchise systems, and (4) service-sponsored franchise systems.

• A)contractual-sponsored franchise systems
• B)wholesaler-sponsored franchise systems
• C)manufacturer-sponsored retail franchise systems
• D)horizontal-marketing franchise systems
• E)customer-oriented franchise systems

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Definitions:

Excise Tax

A tax imposed on specific goods, services, or activities, such as gasoline, cigarettes, or gambling, usually intended to discourage their use or to raise revenue.

Luxury Boats

Expensive, high-end boats equipped with superior amenities, designed for comfort, performance, and status.

Tax Burden

The measure of the total taxes paid by an individual, corporation, or another entity relative to its income, assets, or consumption levels.

Elastic

A characteristic of a good or service that indicates a greater than proportional change in quantity demanded or supplied in response to price changes.