A continuing relationship which provides a license privileges to do business and provides training, merchandising for a consideration is called _____.

(a)

Franchising

(b)

Factoring

(c)

Supply chain Management

(d)

Exchange

Buying and Selling of goods through electronic network is known as ___________

(a)

E-commerce

(b)

Internet

(c)

Website

(d)

Trade

The main Benefit of Logistics is ____________

(a)

Productivity

(b)

Cost minimisation

(c)

Profitability

(d)

Storage

The model that identifies alternatives, criteria for decision making and analyse alternatives to arrive at the best choice is ______.

(a)

Routing Model

(b)

Scheduling Model

(c)

Inventory Model

(d)

Alternative analysis

Outsourcing job is given to developing countries specifically for _______.

(a)

Cheap labour

(b)

Land

(c)

Factor

(d)

 Capital

State two disadvantages of franchising?

Define outsourcing.

Define Logistics.

What are the types of Franchising?

Describe the benefits of Logistics.

What is the impact of e-commerce on Buyers?

Describe the benefits of Outsourcing.

Write a note on e-commerce models.