As a recent college graduate,you dream of opening up your own business.You have explored franchising.In fact,one of the companies that you are strongly interested in is a service organization (fast food)that has a whole system designed to bring its service efficiently to consumers.This is an example of a ________.

Question

Quizplus · Accepted Answer

The scenario describes a service organization (fast food) that has a whole system designed to bring its service efficiently to consumers, indicating a service-firm-sponsored retailer franchise. Therefore, option E is the best choice. Option A, manufacturer-sponsored retailer franchise, refers to a franchise in which a manufacturer licenses retailers to sell a branded product. Option B, wholesaler-sponsored voluntary chains, refers to a group of independent retailers who join together to have more bargaining power with suppliers. Option C, retailer cooperatives, implies a group of independent retailers who purchase together to gain economies of scale. Option D, national retailer, is a term used to refer to a retail company that operates stores in multiple locations.

As a Recent College Graduate,you Dream of Opening Up Your