Franchises Are Privileges Granted by a Business to Sell Goods

question 61

True/False

Franchises are privileges granted by a business to sell goods and services under specified conditions.

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Definitions:

Sound Cinema Technology

The technology enabling the synchronization of motion picture with sound, revolutionizing the film industry in the late 1920s.

Phonograph

An early sound-reproducing machine that uses cylinders or discs to record and playback sound, invented in the late 19th century.

Vitaphone

An early sound film system created by Warner Bros. that synchronized a film's soundtrack stored on phonograph records.

Licensing Agreements

Contracts in which the holder of intellectual property grants permission to another party to use the property under specified conditions.