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    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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