In View of the Cause of Most New Business Failures,probably

question 24

Multiple Choice

In view of the cause of most new business failures,probably the most valuable service provided franchisees by the franchiser is:

• A)management training and experience.
• B)national advertising.
• C)financial assistance.
• D)territorial protection.

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Definitions:

Actual Express Authority

The specific powers explicitly granted by one party to another, typically in a principal-agent relationship, where the agent is empowered to act on the principal's behalf.

Purchase Price

Refers to the amount of money paid or agreed to be paid by a buyer to acquire an asset or service.

Respondeat Superior

Respondeat Superior is a legal doctrine holding that an employer is responsible for the actions of employees performed within the course of their employment.

Employee's Negligence

Situations where an employee’s failure to exercise reasonable care in their duties results in harm or damage.