In a chain-style franchise,the franchisor licenses the franchisee to make and sell its products or services to the public from a retail outlet serving an exclusive geographical territory.

Question

Quizplus · Accepted Answer

This is the correct definition of a chain-style franchise, where the franchisor grants the franchisee the right to use its business model and trademark in exchange for fees and royalties. The franchisee operates within a designated area, and the franchisor provides ongoing support and guidance.

In a Chain-Style Franchise,the Franchisor Licenses the Franchisee to Make