Sam purchased a popular fast-food franchise but did not make a profit in his first quarter of operation. Still, Sam was probably required to pay royalties to his franchisor
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: Franchisors collect royalties—a percentage of sales before taxes and other expenses—on all sales regardless of whether the business makes a profit.
Business
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According to Project Globe, Performance Orientation ____________
Fill in the blank(s) with the appropriate word(s).
Business
Which of the following is NOT an advantage of the predetermined data approach to work measurement?
A) Standards can be set before production begins. B) New work methods can be compared without conducting a time study. C) Performance ratings are not needed to derive standards. D) The approach is particularly applicable to firms with a flexible flow strategy.
Business