Author Question: Which of the following statements are relevant to the definition of, franchise? a. A franchise is a ... (Read 111 times)

rosent76

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Which of the following statements are relevant to the definition of, franchise?
 a. A franchise is a legal agreement.
  b. In a franchise, two parties are involved, the franchisee and franchisor.
  c. In a franchise, parties are independent.
  d. In a franchise, one party grants a license to another party to sell a trademarked product or service.
  e. All of the above statements are accurate.

Question 2

____ combine supermarket, discount and warehouse retailing principles.
 a. Specialty stores c. Hypermarkets
  b. Off-price retailers d. All of the above



catron30

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Answer to Question 1

E

Answer to Question 2

C
Hypermarkets combine supermarket, discount, and warehouse retailing principles. This may be found in the Food Retailers section (12-3b).



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