Match the term with its definition.
-An entrepreneur whose power is limited by a contractual relationship with a franchising organization

Question

Quizplus · Accepted Answer

A franchisee is an entrepreneur who operates under the contractual restrictions and guidelines of a franchising organization.

Answer: G
 Intrapreneurship refers to entrepreneurial activities conducted by employees within an existing organization, implying some level of restriction or limitation of power.

Answer: F
 A lifestyle business is typically a small business that is oriented towards providing a comfortable lifestyle to the owner rather than rapid growth or maximum profit, implying a limited scope of power and ambition for the entrepreneur.

Answer: I
 Small businesses can be started and operated by individual entrepreneurs, but typically have limited power to affect broader economic or social changes.

Match the Term with Its Definition