Examlex
Which statement is false?
Franchiser
A business entity that grants a license to a third party for the conducting of a business under the franchiser's marks.
Product Quality
The perceived value or characteristics of a product that meet or exceed the expectations of its users.
Franchise Fees
Payments made by franchisees to franchisors, typically in exchange for the right to use the franchisor's business model and branding.
Nonexcludable
describes a good or service that cannot be withheld from individuals who do not pay for it, characteristic of public goods.
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