Which contractual system is distinguished by the fact that it is normally based on some unique product or service; method of doing business; or trade name, goodwill, or patent that has been developed?
A) franchise
B) corporate chain
C) voluntary chain
D) warehouse club
E) retailer cooperative

Question

Quizplus · Accepted Answer

A franchise is a contractual system where a franchisor licenses its trade name, business model, and proprietary knowledge to a franchisee, allowing them to operate a business under the established brand and system.

Which Contractual System Is Distinguished by the Fact That It