the small business person who purchased the franchise in order to sell the produ
ID: 344793 • Letter: T
Question
the small business person who purchased the franchise in order to sell the product or service is known as the?
A franchisor
b. franchisee
c. company of origin
d. opening company
disclosure statements identify provide information on ? important terms
a 10
b 20
c 30
d 40
Daniel's preparing a business plan the carwash that he plans to open he is riding a one-page ass track of the plan to highlight crucial information to spark reader's interest this abstract is part of which business plan component?
cover page
executive summary
table of contents
industry analysis
which of the following Financial action should be made on a weekly basis buy a small business manager?
check your cash balance on
note to especially slow paying accounts
record any money paid out
review federal tax requirements
most of the mismanagement decisions that cause small businesses to fail are related to?
inventory
personnel
Finance
sales
Explanation / Answer
The correct answer is option b (franchisee).
Franchising is nothing but a business in which the franchisor distribute their product, service or method through affiliated dealer or franchisees. The franchisee has the right to sell a particular product from a manufacturer. The relationship between franchisor and franchisee is similar to relationship of supplier and dealer. Here the franchisee sell the franchisor brand exclusively.
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