Because Most of the Capital Costs Are Picked Up by the Franchisor

question 157

True/False

Because most of the capital costs are picked up by the franchisor, the franchise model enables a firm to grow rapidly.

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Definitions:

Collective Bargaining Agreement

A contract negotiated between employers and a union representing the employees on work terms and conditions.

Business Agent

Normally a paid labour official responsible for negotiating and administering the collective agreement and working to resolve union members’ problems.

Binding Arbitration

A legal process where a dispute is resolved by an arbitrator or arbitral panel, whose decision is final and legally binding on all parties.

Negotiations Impasse

A situation in which parties involved in negotiations cannot reach an agreement and progress is halted.