Kwan wants to open a new business in his own country, Singapore. He has decided on a form of licensing that will provide him with a standard package of products, systems, and management services in order to sell fast food to local residents. What is the form of business Kwan has chosen?

Question

Quizplus · Accepted Answer

Kwan has chosen franchising, as it involves obtaining a license to operate a business using the franchisor's brand, products, systems, and management services, which is common in the fast food industry.

Kwan Wants to Open a New Business in His Own