
Module 1
Flashcard
•
Business
•
University
•
Hard
Solanna Riego
FREE Resource
Student preview

28 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What is the dominant force in the distribution of goods?
Back
Franchising.
2.
FLASHCARD QUESTION
Front
What does the French word meaning 'free from servitude' also mean?
Back
franchise
3.
FLASHCARD QUESTION
Front
What is a legal agreement where a franchisor grants rights to a franchisee?
Back
Franchise agreement.
4.
FLASHCARD QUESTION
Front
What does a franchisor provide to a franchisee?
Back
Licensed privilege to do business and assistance in organizing, training, merchandising, marketing, and managing.
5.
FLASHCARD QUESTION
Front
What is the fee paid by franchisees for advertising expenditures called?
Back
Advertising fee.
6.
FLASHCARD QUESTION
Front
What describes the moment a business begins to turn a profit?
Back
Break-even point.
7.
FLASHCARD QUESTION
Front
What is a detailed document written by the franchisee to define business goals?
Back
Business plan.
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