Brands in highly-differentiated product classes require heavy advertising to establish a unique image

Which of the following is true of franchising?

A. The franchiser provides market knowledge, capital, and personal involvement in management. B. The franchiser has little control on marketing of the products at the point of final sale. C. Franchising is an important form of horizontal market integration. D. Franchising provides an effective blending of skill centralization and operational decentralization. E. Foreign laws and regulations are usually hostile toward franchising.

Which statement(s) about mutual insurers is(are) true?

I. They are owned by their policyowners. II. Some mutual insurers are permitted to assess policyowners if losses are higher than anticipated. (a) I only (b) II only (c) both I and II (d) neither I nor II