The franchisee often must pay the franchisor a share of profits or a percentage commission on sales known as a royalty.

Name: The franchisee often must pay the franchisor a share of profits or a percentage commission on sales known as a royalty.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement is true. Franchisees typically pay a percentage of their profits or sales to the franchisor as a royalty fee for using the established brand name, products, and support provided by the franchisor.

The Franchisee Often Must Pay the Franchisor a Share of Profits