In a franchise, the franchise parent receives a share of income or a flat fee from the franchisee.

Name: In a franchise, the franchise parent receives a share of income or a flat fee from the franchisee.
Brand: Quizplus
Rating: 4.8 (58 reviews)

Question

Quizplus · Accepted Answer

This is true. The franchise parent provides the franchisee with their brand name, products, services, and marketing materials. In return, they receive a portion of the franchisee's profits or a flat fee. This is how the franchise parent earns revenue from their franchise system.

In a Franchise, the Franchise Parent Receives a Share of Income