In Which of the Following Does the Franchisor Provide the Franchisee

question 54

Multiple Choice

In which of the following does the franchisor provide the franchisee with the formula or necessary ingredient to manufacture a product?

• A) Distributorship
• B) Manufacturing arrangement
• C) Chain-style business operation
• D) Approved business franchise
• E) Acknowledged standards operation

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Definitions:

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good consumers are willing and able to purchase at various prices.

Resource

Assets, materials, or inputs used to produce goods and services, including natural resources, labor, and capital.

Productivity

A measure of the efficiency of production, often quantified as the ratio of output to input in the production process.

Demand

The quantity of a product or service that consumers are willing and able to purchase at various prices during a given time period.