The _________ is a classic distribution theory which suggests that retail firms and retail categories become more upscale as they go through their life cycles.
A. theory Y
B. wheel of retailing
C. hierarchy of needs theory
D. breakeven analysis
Fill in the blank(s) with correct word
Question 2 - What do franchisees typically have to pay to the franchisor?
A) One-time franchise fee
B) Monthly royalties based on sales
C) Nominal fee for business knowledge
D) Approximately half of the franchise's profits each month
E) One-time franchise fee and monthly royalties based on sales
Question 3 - A(n) _________ takes legal possession of the goods to be distributed.
A. broker
B. agent
C. merchant wholesaler
D. store retailer
Fill in the blank(s) with correct word
Question 4 - Evan Dean owns a Wendy's franchise. Evan feels that the franchisor is hurting his business by forcing him to use certain high-priced suppliers. The franchisor says that this power is implied in the franchise agreement. Who is likely to arbitrate this dispute?
A) Wendy's CEO
B) Evan Dean
C) The court system
D) National Franchise Mediation Program
E) Wendy's corporate lawyers
Question 5 - _________ are distribution organizations-informally called middlemen-that facilitate the movement of products from the producer to the consumer.
A. Stakeholders
B. Financial intermediaries
C. Suppliers
D. Channel intermediaries
Fill in the blank(s) with correct word
Question 6 - Which of the following was established to arbitrate disputes between franchisors and franchisees?
A) Court system
B) Federal Trade Commission
C) National Franchise Mediation Program
D) Partnership for Franchisees' Rights
E) Association for Franchise Arbitration
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