Answer:
A. Guidance from the franchisor
Explanation:
Under franchising , the franchisor grants license and transfer its business expertise, unique successful processes and ideas to another business (franchisee) , usually located in another country to, carry out franchisor's business in return for a fee.
Examples of Franchising being, KFC, McDonalds and chain of other fast food restaurants operating across the globe.
The franchisee i.e the one who avails the license to operate the business of franchisor, gets the benefit of using the already successful expertise and business guidance from the franchisor which otherwise would've required years of operations to develop.
Also the franchisee benefits from operating under established and renowned brand name of the franchisor.
So, in the given case, Brian would benefit in the form of, availing regular guidance and instructions from the franchisor.
Answer:
The surrender cash value is used for the extended term option.
Explanation:
This is where the nonforfeiture clause comes to policyholders aid. The nonforfeiture clause allows the policy holder who has not made payment of premiums within the grace period to be able to get the cash value of his whole life policy(with already paid premiums), recovered either by cash or extended term option or any other agreement made prior. The cash value of his whole life policy could be applied to the extended term option, allowing the policy holder to get a term insurance policy worth the value of his surrender whole life policy minus any loans against it.
Answer:
b. First movers have an advantage because their customers avoid switching costs.
Explanation:
First movers have an advantage because their customers avoid switching costs is a FALSE statement among provided statement.
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