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6. What do the letters LTD stand for?

  • Limited Term Deal
  • Private Limited Company
  • Private Sector
  • Public Limited Company

7. What is a Franchise?

  • A marketing agreement where one business invests in another
  • A marketing agreement where one business pays to use the name of another
  • A big business
  • A legal form of ownership

8. Which of the following is not a benefit of being a franchisee?

  • The franchisee may use the branding of the franchisor
  • The franchisee has to pay a royalty to the franchisor
  • The franchisee can use the marketing material provided by the franchisor
  • The franchisee can use the established reputation of another business

9. What is the name of the companies that are owned by a Holding Company?

  • Subsidary Companies
  • Subordinate Companies
  • Substitute Companies
  • Substation Companies