Which of the following is an advantage of franchising to the franchisee?
A) reduced expenses as the franchisor provides supplies, equipment, and products
B) minimum initial investments or royalty payments are applicable
C) use of a well-known, recognizable brand name
D) franchisee holds much power, including superior bargaining power
C
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Which statement about risk management techniques is true?
I. Using retention limits the liability of the firm to a specified amount. II. Risk transfer can be more expensive than risk retention. (a) I only (b) II only (c) both I and II (d) neither I nor I
Cameron, a purported agent, signs a contract and promissory note to purchase a building for Burnstar Constructions, a purported principal
Though Cameron is an unauthorized representative, Burnstar Constructions, the purported principal, likes the deal and accepts it. Which of the following is true of the deal ratified by Burnstar Constructions? A) The deal is invalid due to the fraud in the inducement rule. B) The deal is invalid due to the fraud in the inception rule. C) Burnstar Constructions is liable on the note. D) Cameron is liable on the note.