Contractual VMSs now constitute one of the most significant developments in the economy and come in three types. Which of the following is a type of contractual VMS?

Question

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Franchise organizations are a type of contractual VMS in which the franchisor grants the right to use its name and marketing strategy and provides continuing support, while the franchisee pays fees and agrees to operate according to the franchisor's guidelines. Specialty stores, vending machines, catalog stores, and kiosk stores are not types of contractual VMS.

Contractual VMSs Now Constitute One of the Most Significant Developments