________ Franchising Involves the Owner of an Existing Business Becoming

question 79

Multiple Choice

________ franchising involves the owner of an existing business becoming a franchisee to gain the advantage of name recognition.

• A)Product distribution
• B)Master franchise
• C)Conversion
• D)Pure

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Definitions:

Yearly Return

The percentage of increase or decrease in the value of an investment over a one-year period.

Maximize

To increase to the greatest possible amount or degree.

Minimize

To reduce something to the smallest possible level or amount.

Profits

The financial gains obtained when revenues exceed the costs and expenses incurred to operate the business.