chapter 3 volcabulary

4 Written Questions

1. Something new; a new way of doing something
2. allows vendors and manufacturers to introduce new items and promote established products and services
3. a person who buys franchise
4. The study of the characteristics of populations

4 Multiple Choice Questions

1. periodicals published for specific types of businesses or undustries
   1. specialty magazines
   2. trade magazines
   3. trade shows
   4. demographics
2. AN EXTREMELY VALUABLE BUSINESS ASSET
   1. franchise
   2. goodwill
   3. outsource
   4. innovation
3. with reference to production, to turn over in part or in total to a third party
   1. franchiser
   2. franchise
   3. outsource
   4. franchisee
4. Someone whos job is to bring buyers and sellers together.
   1. outsource
   2. franchiser
   3. innovation
   4. business broker

4 True/False Questions

1. franchise → a written contract granting permission to operate a business to sell products and services in a set way

   True        False

2. specialty magazines → periodicals published for specific types of businesses or undustries

   True        False

3. strategic alliances → Forming a partnership with another company.

   True        False

4. franchiser → the seller of a franchisee

   True        False