Match the term with its definition.
-A franchise agreement granting the right to use a widely recognized product or trademark

Question

Quizplus · Accepted Answer

Product and trade name franchising refers to a franchise agreement that grants the right to use a widely recognized product or trademark.

Answer: F
 Due diligence refers to the investigation and analysis conducted by a potential franchisee before entering into a franchise agreement.

Answer: H
 A master licensee is a franchisee who has been granted the right to sub-franchise within a specified territory.

Answer: I
 Multiple-unit ownership refers to a franchisee who owns and operates more than one unit of the same franchise.

Answer: E
 Co-branding is a marketing strategy in which two or more brands are combined to create a new product or service.

Answer: A
 Area developers are franchisees who have been granted the right to open and operate a specific number of units within a defined geographic area.

Answer: D
 Churning is a fraudulent practice in which a franchisor encourages or pressures a franchisee to open additional units that are not economically viable.

Answer: C
 Business format franchising is a type of franchising that provides a complete business system to the franchisee, including operational procedures, marketing strategies, and support services.

Answer: B
 Business brokers are professionals who assist in the buying and selling of businesses, including franchises.

Note: All the options have been explained, the user needs to choose the correct one based on the question or context.

Match the Term with Its Definition