Janet Green was unsure of opening a Crowne Plaza Hotel as a franchise in Aurora,IL,because,in the past year,the town has grown immensely and she was afraid that competing franchisees would build hotels close to hers and that would saturate the market in a few years and reduce her business. However,the Crowne Plaza Corporation has assured her that no additional competing hotels will built within 20 miles of her location. This guarantee by a franchisor is known as
A) Competition Royalty.
B) Territorial Protection.
C) Territorial Guarantee.
D) Competition Law of 1979.
E) None of the above.
Correct Answer:
Verified
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