Multiple Choice
Virtually all franchise arrangements contain all of the following elements, except:
A) A continuing relationship between two parties
B) A legal contract that describes the responsibilities and obligations of each party
C) A succession plan
D) Tangible and intangible assets (such as services, trademarks, and expertise) provided by the franchisor for a fee
Correct Answer:
Verified
Correct Answer:
Verified
Q15: Franchisors are not required by law in
Q16: All of the following are trends in
Q17: Franchisees have minimal obligations and are never
Q18: Franchising is based on mutual trust and
Q19: Describe three future trends in franchising.
Q21: The application form normally requires you to
Q22: The investment required for a service franchise
Q23: Which type of franchise is the most
Q24: All of the following are considered disadvantages
Q25: All of the following are examples of