Before she could open her franchised hair salon, Lori knew she had to pay a one-time fee of $10,000 to the franchisor. This one-time fee is known as the ______.
A) franchise fee
B) industry fee
C) royalty fee
D) due diligence fee
Correct Answer:
Verified
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Q53: The legal contract that binds both parties
Q54: Royalty fees are calculated as a percentage
Q55: Before signing a franchise agreement, a franchisee
Q57: Scenario 5-1. Connie is considering opening a
Q58: Whether a franchise is required to carry
Q59: Most franchise contracts run _.
A) indefinitely
B) from
Q60: In the section of the disclosure statement
Q61: Local franchisees share in the advertising costs
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