Liam owns a Far Horizons Travel Agency franchise. As a franchisee, Liam is guaranteed the right to retain all of his franchise's revenues and profits.

Question

Quizplus · Accepted Answer

While Liam may be entitled to a portion of the revenues and profits, franchises typically require payment of royalties and other fees to the franchisor. Therefore, Liam cannot retain all of the revenues and profits generated by his franchise.

Liam Owns a Far Horizons Travel Agency Franchise