Franchisors often succeed in local cultures because they are owned by local business people who are familiar with the market,and can adjust their product to local tastes.

Question

Quizplus · Accepted Answer

Franchisors are typically not owned by local business people, but instead by a larger parent company that operates globally. However, successful franchisors may have franchisees who are local business people and can adapt the product to local tastes.

Franchisors Often Succeed in Local Cultures Because They Are Owned