A Franchise System Can Best Be Characterized as

question 16

Multiple Choice

A franchise system can best be characterized as

• A)a voluntary chain
• B)a money making machine
• C)a business excellence strategy
• D)an approach to market dominance

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Definitions:

Secondary Drives

Learned drives that are not directly related to biological needs but arise through association with those needs, such as the desire for money or social approval.

Learned

Acquired knowledge or behavior patterns through experience, observation, or being taught.

Experience

The knowledge or practical wisdom gained from direct participation in events or activities.

Drive-Reduction Theory

A theory of motivation proposing that the primary purpose of behavior is the reduction of drives, which are defined as innate biological needs that demand satisfaction.