Asked by
Mazee Ndeta
on Nov 09, 2024
Verified
Some franchise agreements specifically require the franchisee to have a percentage of the total franchise fee from which of the following?
A) a venture capitalist
B) a nonborrowed source
C) an accredited bank
D) the Small Business Administration (SBA)
Nonborrowed Source
A term referring to funds or resources that are not obtained through borrowing.
Franchise Fee
The one-time payment made to become a franchisee.
Venture Capitalist
An investor who provides capital to startup companies and small businesses with perceived long-term growth potential in exchange for equity.
- Discern the economic commitments and responsibilities, like fees and royalties, expected of franchisees.
Verified Answer
MM
Learning Objectives
- Discern the economic commitments and responsibilities, like fees and royalties, expected of franchisees.
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