In a franchising relationship
a. the franchisor is the local businessman or businesswoman
b. the corporate brand owner contracting with local operator is the franchisor
c. the local operators are the franchisors
d. the corporate brand owner contracting with local operators is the franchisee
b
Economics
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In a market in which firms operate in monopolistic competition,
A) the HHI for a single firm exceeds 2500. B) firms compete on price, quality and marketing. C) in the long run firms produce at their efficient scale. D) in the long run firms are not able to charge a marku
Economics
To improve its standard of living, a nation's economy must
(A) Let the government make economic decisions. (B) Reach economic equality. (C) Grow through innovation. (D) Remain stable.
Economics