The two distinctly different types of franchise systems are ________ franchise and ________ franchise

A) product trademark; business arrangement
B) product plus; business format
C) business design; product improvement
D) product extension; business design
E) product trademark; business format

E

Business

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The closing process if necessary in order to

A. calculate net income or net loss for an accounting period B. Ensure that all permanent accounts are closed to zero at the end of each accounting period C. ensure that the company complies with state laws D. ensure that income or net loss and dividends for the period are closed into the retained earnings account

Business

Research indicates that about half of lost customers leave due to price considerations

Indicate whether the statement is true or false

Business