In ________, an individual or firm contracts with a parent company to set up a business or retail outlet.
A) an administered system
B) a vertically integrated chain
C) aretail-sponsored cooperative
D) afranchise system
E) acorporate system

Question

Quizplus · Accepted Answer

In a franchise system, an individual or firm contracts with a parent company to operate a business or retail outlet under the company's brand and business model.

In ________, an Individual or Firm Contracts with a Parent