Frooty Drinks, Inc

question 60

Multiple Choice

Frooty Drinks, Inc., and Great Gulp Bottling Company have a processing-plant franchise arrangement. This involves the transfer of

• A) a license.
• B) a trade name.
• C) the formula to make a certain product.
• D) the ownership of the business.

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Definitions:

Rancher

A person who owns or manages a ranch, where livestock such as cattle or sheep are raised.

Farmer

A person involved in farming, cultivating living beings for consumption or raw materials.

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than others, enabling more efficient trade.

Austria

A landlocked country in Central Europe, known for its rich cultural history, and contributions to art, music, and science.