Question

Franchising is a type of:

A administered system. Correct Answer Incorrect Answer
B contractual system Correct Answer Incorrect Answer
C vertically integrated chain Correct Answer Incorrect Answer
D retail-sponsored cooperative Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

Franchising is a contractual arrangement between a parent company (a franchisor) and an individual or firm (a franchisee) that allows the franchise to operate a certain type of business under an established name and according to specific rules.

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