Commerce Exam > Commerce Questions > State Whether the Following Statements are Tr...
Start Learning for Free
State Whether the Following Statements are True or False.
Q. The operations manual is the part of the agreement that outlines the type of relationship a franchisee is entering into with the franchisor.
Q. The operations manual is the part of the agreement that outlines the type of relationship a franchisee is entering into with the franchisor.
- a)True
- b)False
Correct answer is option 'B'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Verified Answer
State Whether the Following Statements are True or False.Q.The operati...
The operations manual is the documentation by which an organisation provides guidance for members and employees to perform their functions correctly and reasonably efficiently. It documents the approved standard procedures for performing operations safely to produce goods and provide services.
Most Upvoted Answer
State Whether the Following Statements are True or False.Q.The operati...
Understanding the Operations Manual in Franchising
The statement claims that the operations manual is part of the agreement that outlines the relationship between a franchisee and franchisor, suggesting that it is a formal element of the franchise agreement. However, this assertion is false.
What is the Operations Manual?
- The operations manual is a comprehensive document provided by the franchisor.
- It contains detailed guidelines, procedures, and standards that a franchisee must follow to operate the franchise successfully.
Role of the Operations Manual
- While it plays a crucial role in guiding franchisees, it is not a legal part of the franchise agreement.
- The manual functions more as a reference tool, detailing the day-to-day operations, marketing strategies, and brand standards.
Franchise Agreement vs. Operations Manual
- The franchise agreement is a legal document outlining the contractual relationship between the franchisor and franchisee.
- It includes terms related to fees, duration, rights, and obligations, establishing the formal relationship.
Conclusion
- Therefore, the correct answer to the statement is option 'B' (False).
- The operations manual does not define the nature of the relationship but rather serves as an operational guide once the relationship has been established through the franchise agreement.
The statement claims that the operations manual is part of the agreement that outlines the relationship between a franchisee and franchisor, suggesting that it is a formal element of the franchise agreement. However, this assertion is false.
What is the Operations Manual?
- The operations manual is a comprehensive document provided by the franchisor.
- It contains detailed guidelines, procedures, and standards that a franchisee must follow to operate the franchise successfully.
Role of the Operations Manual
- While it plays a crucial role in guiding franchisees, it is not a legal part of the franchise agreement.
- The manual functions more as a reference tool, detailing the day-to-day operations, marketing strategies, and brand standards.
Franchise Agreement vs. Operations Manual
- The franchise agreement is a legal document outlining the contractual relationship between the franchisor and franchisee.
- It includes terms related to fees, duration, rights, and obligations, establishing the formal relationship.
Conclusion
- Therefore, the correct answer to the statement is option 'B' (False).
- The operations manual does not define the nature of the relationship but rather serves as an operational guide once the relationship has been established through the franchise agreement.
Attention Commerce Students!
To make sure you are not studying endlessly, EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Commerce.
|
Explore Courses for Commerce exam
|
|
Similar Commerce Doubts
Top Courses for CommerceView all
State Whether the Following Statements are True or False.Q.The operations manual is the part of the agreement that outlines the type of relationship a franchisee is entering into with the franchisor.a)Trueb)FalseCorrect answer is option 'B'. Can you explain this answer?
Question Description
State Whether the Following Statements are True or False.Q.The operations manual is the part of the agreement that outlines the type of relationship a franchisee is entering into with the franchisor.a)Trueb)FalseCorrect answer is option 'B'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about State Whether the Following Statements are True or False.Q.The operations manual is the part of the agreement that outlines the type of relationship a franchisee is entering into with the franchisor.a)Trueb)FalseCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for State Whether the Following Statements are True or False.Q.The operations manual is the part of the agreement that outlines the type of relationship a franchisee is entering into with the franchisor.a)Trueb)FalseCorrect answer is option 'B'. Can you explain this answer?.
State Whether the Following Statements are True or False.Q.The operations manual is the part of the agreement that outlines the type of relationship a franchisee is entering into with the franchisor.a)Trueb)FalseCorrect answer is option 'B'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about State Whether the Following Statements are True or False.Q.The operations manual is the part of the agreement that outlines the type of relationship a franchisee is entering into with the franchisor.a)Trueb)FalseCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for State Whether the Following Statements are True or False.Q.The operations manual is the part of the agreement that outlines the type of relationship a franchisee is entering into with the franchisor.a)Trueb)FalseCorrect answer is option 'B'. Can you explain this answer?.
Solutions for State Whether the Following Statements are True or False.Q.The operations manual is the part of the agreement that outlines the type of relationship a franchisee is entering into with the franchisor.a)Trueb)FalseCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce.
Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of State Whether the Following Statements are True or False.Q.The operations manual is the part of the agreement that outlines the type of relationship a franchisee is entering into with the franchisor.a)Trueb)FalseCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
State Whether the Following Statements are True or False.Q.The operations manual is the part of the agreement that outlines the type of relationship a franchisee is entering into with the franchisor.a)Trueb)FalseCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for State Whether the Following Statements are True or False.Q.The operations manual is the part of the agreement that outlines the type of relationship a franchisee is entering into with the franchisor.a)Trueb)FalseCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of State Whether the Following Statements are True or False.Q.The operations manual is the part of the agreement that outlines the type of relationship a franchisee is entering into with the franchisor.a)Trueb)FalseCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice State Whether the Following Statements are True or False.Q.The operations manual is the part of the agreement that outlines the type of relationship a franchisee is entering into with the franchisor.a)Trueb)FalseCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice Commerce tests.
|
|
Explore Courses for Commerce exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup