Define Franchising

question 36

Essay

Define franchising. Explain the three types of franchising. Which is the fastest-growing segment?

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Definitions:

Direct Method

An accounting method used to prepare the cash flow statement, which shows actual cash inflows and outflows from operating activities.

Operating Expenses

Expenditures that a business incurs through its normal business operations, such as rent, utilities, and salaries, excluding production costs.

Accounts Receivable

Receivables from clients for services or goods delivered by a company but not yet compensated.

Accounts Payable

Money owed by a business to its suppliers shown as a liability on the company's balance sheet.