Which of the following combines the entrepreneurial advantages of owning a business with the efficiencies of vertical marketing systems that function under single ownership?
A)A franchise system
B)A partnership
C)A strategic alliance
D)A joint venture
E)A proprietorship

Question

Quizplus · Accepted Answer

A franchise system allows entrepreneurs (franchisees) to own and operate their own business while benefiting from the marketing and operational support of a larger network (franchisor). This creates efficiencies similar to a vertical marketing system under single ownership while still allowing for entrepreneurial advantages.

Which of the Following Combines the Entrepreneurial Advantages of Owning