In a Franchise Arrangement,one Business Enters into a Contract with Another

question 71

Multiple Choice

In a franchise arrangement,one business enters into a contract with another to sell its product exclusively.Which of the following is true with respect to a franchise?

• A)The franchisor,in addition to an initial sum of capital,is required to pay a substantial franchise fee as well as regular payments to the franchisee.
• B)The franchisee and franchisor are in partnership together.
• C)The franchisor must comply with rules,standards,and specifications with respect to products and prices.
• D)A franchise arrangement is an effective way to expand the business.
• E)The franchisee provides the product and other supplies and equipment.

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Definitions:

Jean Piaget

A Swiss psychologist known for his pioneering work in child development, particularly his theory of cognitive development.

Zone of Proximal Development

A concept in education psychology referring to the difference between what a learner can do without help and what they can achieve with guidance and encouragement from a skilled partner.

Distal Learning

A term likely meant to refer to "distant learning," which involves educational processes that occur when instructors and students are not physically present in the same location.

Structured Application

A methodically organized and systematically planned software application designed to perform specific functions with predefined rules.