Which of the following is the contractual relationship in which an established firm supplies another business with unique resources in exchange for payment and other considerations?
A)franchising
B)articles of incorporation
C)formatting
D)formalizing

Question

Quizplus · Accepted Answer

Franchising involves an established firm (the franchisor) supplying unique resources such as branding, business systems, and support to another business (the franchisee) in exchange for payment of fees and ongoing royalties. This contractual relationship allows the franchisee to operate a business under the established brand and systems of the franchisor. Articles of incorporation refer to the legal document filed with the state that establishes a corporation, formatting refers to the layout and design of a document or presentation, and formalizing refers to making something official or following a formal process. None of these options accurately describe the contractual relationship described in the question.

Which of the Following Is the Contractual Relationship in Which