In a(n)________,an individual or firm contracts with a parent company to set up a business or retail outlet.
A)administered system
B) vertically integrated chain
C) retail-sponsored cooperative
D) franchise system
E) corporate system

Question

In a(n)________,an individual or firm contracts with a parent company to set up a business or retail outlet.
A)administered system
B) vertically integrated chain
C) retail-sponsored cooperative
D) franchise system
E) corporate system

Quizplus · Accepted Answer

In a franchise system,an individual or firm (the franchisee)contracts with a parent company (the franchisor)to set up a business or retail outlet.

In A(n)________,an Individual or Firm Contracts with a Parent Company