Which of the Following Is True About Franchising

question 35

Multiple Choice

Which of the following is true about franchising?

• A) From a government perspective, franchising replaces exports and export jobs.
• B) From a recipient-country view, franchising requires substantial outflow of foreign exchange.
• C) Typically, there is no need for standardization in franchising.
• D) A key concern of franchising is the issue of selection and training of franchisees.

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Definitions:

Proactive Socialization

The process through which individuals take initiative to learn about the norms, behaviors, and expectations of a new organizational or social environment.

Networking

Involves building and maintaining relationships with people who can support professional or personal growth.

ROPES

An acronym often standing for "Review Of Personal Employment Situation," used in human resources and management training.

Protégé

A person who receives guidance, support, and mentoring from a more experienced or influential mentor.