A set business format, the use of an established name, strict operating controls, and motivated owner-operators are major characteristics of which form of retail institution?

Question

Quizplus · Accepted Answer

Retail franchising is characterized by a set business format, the use of an established name, strict operating controls, and motivated owner-operators. These elements are fundamental to the franchise model, where franchisees operate under the franchisor's brand and system.

A Set Business Format, the Use of an Established Name