Which of the Following Is True of Franchises

question 6

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 it.
• D) They involve a retailer assuming ownership of its primary manufacturer through the presence of a channel leader.

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Definitions:

Person-Environment Transactions

Interactions between individuals and their physical, social, and psychological environments that influence behavior and development.

Rank-Order Consistency

The stability of individual differences within a population over time, particularly in terms of personality traits.

Identity Development

The process through which individuals form, repair, and maintain their personal identity over the course of their lives.

Personality Development

The gradual and ongoing process of change in personality characteristics, influenced by biological, social, and environmental factors throughout an individual's life.