McDonald's, Subway, and Jiffy Lube are all examples of ________.
A) voluntary chains
B) retailer cooperatives
C) franchises
D) category killers
E) power centers

Question

Quizplus · Accepted Answer

McDonald's, Subway, and Jiffy Lube are all examples of franchises. Franchising is a type of business arrangement where a franchisor (such as McDonald's) provides the franchisee (such as a local restaurant owner) with the right to use its trademark, products, and business processes in exchange for a fee or royalty.

McDonald's, Subway, and Jiffy Lube Are All Examples of ________