Franchising is a type of:
A)retail-sponsored cooperative.
B)vertically integrated chain.
C)contractual system.
D)administered system.

Question

Quizplus · Accepted Answer

Franchising is a contractual system in which the franchisor grants the franchisee the right to use its trademark or trade name and certain business systems and processes, usually in exchange for an initial franchise fee and ongoing royalties. The franchisor maintains control over how the franchisee operates the business to ensure consistency and maintain brand standards.

Franchising Is a Type Of