Which of the following is true of a franchise?

Question

Quizplus · Accepted Answer

A franchise is a business model in which the franchisor grants the franchisee the right to use their trademark, business processes, and operations in exchange for a fee. The franchisor and franchisee remain as separate legal entities, with the franchisor providing support and guidance to the franchisee.

Option B is incorrect because a franchisee needs a license to use the franchisor's trademark.

Option C is incorrect because the franchisee generally has access to the franchisor's knowledge and support.

Option D is incorrect because a franchise is not considered as a joint venture.

Which of the Following Is True of a Franchise