Which contractual system is distinguished by the fact that it is normally based on some unique product or service?
A) voluntary chain
B) retailer cooperative
C) franchise
D) corporate chain
E) warehouse club

Question

Quizplus · Accepted Answer

A franchise is a contractual system where a company allows a franchisee to use its trademark and business format in exchange for a fee. This system is based on a unique product or service that the franchise offers, and the franchisee must follow specific guidelines and standards set by the franchisor. In contrast, voluntary chains, retailer cooperatives, corporate chains, and warehouse clubs are not necessarily based on a unique product or service.

Which Contractual System Is Distinguished by the Fact That It