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1. a. What is a franchise ? b. Describe the characteristics of a franchisee . 2.Describe the three principal types of franchises. 3.What are the

1. a. What is a franchise?

b. Describe the characteristics of a franchisee.

2.Describe the three principal types of franchises.

3.What are the three essential elements necessary (but not necessarily sufficient) to form a partnership?

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