Which Aspect of Franchising Is Associated with an Area of Dominant

question 15

Multiple Choice

Which aspect of franchising is associated with an area of dominant influence (ADI) ?

• A) Finance
• B) Training
• C) Purchasing
• D) Marketing

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Definitions:

Partnership

A legal form of business operation between two or more individuals who share management and profits.

Corporation

A legal entity that is separate from its owners, offering limited liability to its shareholders, and is capable of entering contracts, suing and being sued.

Account Payable

The sum of funds that a business needs to pay back to its vendors or lenders for products or services bought on a credit basis.

Account Receivable

Debts owed by customers to a company for items or services that have been dispatched but not compensated.