What type of contractual system describes a situation in which assistance in selecting the location, setting up the store or facility, advertising, and training personnel is provided by the parent company?
A) administered system
B) conglomerate system
C) franchise system
D) vertical integrated system
E) retail-sponsored cooperative

Question

Quizplus · Accepted Answer

A franchise system is a contractual arrangement where the parent company (franchisor) provides support in areas like location selection, store setup, advertising, and training to the franchisee.

What Type of Contractual System Describes a Situation in Which