________ Franchising Exists When a Franchisee Is Licensed to Sell

question 98

Multiple Choice

________ franchising exists when a franchisee is licensed to sell specific products under the franchiser's brand name through a selective distribution system.

• A)Trade name
• B)Pure
• C)Conversion
• D)Product distribution

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Definitions:

Percent

A mathematical term describing one hundredth of a particular quantity; a unit of proportion or rate expressed as a fraction of 100.

Reserves

Funds or assets that banks must hold either in their own vaults or on deposit with a central bank, to meet expected withdrawal demands or regulatory requirements.

Reserve Requirement

A regulation that sets the minimum fraction of customer deposits and notes that each bank must hold as reserves, rather than loaning out or investing.

Loans

Borrowed sums of money that must be repaid with interest over a predetermined period.