Examlex
Which of the following statements is NOT a characteristic of age grade?
Franchise Termination
The legal ending of a franchise agreement, either through the expiry of the contract term, mutual agreement, or breach of contract.
Franchise Agreement
A legal contract in which a franchisor grants the franchisee the rights to use its trademark, sell its products, or operate under its brand for a specified period.
Terminate the Franchise
The process of legally ending or cancelling a franchise agreement before its specified term concludes.
Price-Cutting
A strategy where prices are significantly reduced, often below those of competitors, to attract customers or increase market share.
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