Author Question: An individual or organization granting a license to operate an individually owned business as though ... (Read 57 times)

khang · **on:** Jul 14, 2018

An individual or organization granting a license to operate an individually owned business as though it were part of a chain of outlets or stores is a(n)
A) franchise.
B) franchisor.
C) franchisee.
D) venture capitalist.
E) entrepreneur.

Question 2

Which of the following statements is true of independent wholesalers?
A) Merchant wholesalers comprise about 80 percent of all wholesalers.
B) Merchant wholesalers do not take legal ownership of the goods they distribute.
C) Agents take legal possession, or title, of the goods they distribute.
D) Independent wholesalers cannot represent multiple producers.