Franchising Refers to

question 132

Multiple Choice

Franchising refers to

• A) a contractual agreement between multiple retailers sharing the same business mission to operate with a consistent business model to not only achieve enhanced buying power but also increase customer loyalty.
• B) a contractual arrangement between a parent company and an individual or firm that allows the latter 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 it do all the manufacturing, distribution, and marketing.

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Definitions:

Slide Title

The heading or main label of a slide in a presentation that summarizes its content or topic.

Title Text

Text that appears at the top of a document, webpage, or presentation, serving as a heading or the name of the work.

Exclamation Point

A punctuation mark used to express strong emotions or emphasize something.

Color

A visual property of objects that results from the light they emit, transmit, or reflect, and is perceived by the eye.