Describe the differences between chain stores and franchises
What will be an ideal response?
Chain stores consist of two or more outlets that are commonly owned and controlled. Chain stores have the advantage of buying in larger quantities at lower prices and sharing resources to hire specialists to help with decisions in pricing, promotion, merchandising, inventory, and sales forecasting. Franchises are not commonly owned and controlled; instead, a franchise is a contractual association between a manufacturer, wholesaler, or service organization and an independent businessperson who buys the right to own and operate one or more units within the franchise system.
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Where one or more intermediaries work with manufacturers to provide goods and services to customers
The age of the beneficiary is a factor used to calculate the amount paid from a life insurance policy under the ________ settlement option
A) life income B) interest C) fixed amount D) fixed