Which of the Following Is True of Franchises

question 49

Multiple Choice

Which of the following is true of franchises?

• A)They involve a parent company and an independent firm entering into a contractual relationship to set up and operate a business in a particular way.
• B)They involve a group of independent retailers uniting and agreeing to pool buying and managerial resources to improve competitive position.
• C)They involve a wholesaler contracting with a number of retailers performing channel functions for them.
• D)They involve a retailer assuming ownership of a primary manufacturer through the presence of a channel leader.

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Definitions:

Fraternal Twins

Siblings born at the same time as a result of two different eggs fertilized by two different sperm, sharing 50% of their genes, similar to ordinary siblings.

Identical Twins

Twins that originate from a single fertilized egg that splits and develops into two genetically identical individuals.

Cannon-Bard Theory

A theory of emotion that proposes emotions and bodily responses occur simultaneously rather than one causing the other.

James-Lange Theory

An idea that proposes emotions are the outcome of bodily reactions triggered by events.