Which of the following statements is incorrect regarding franchising?
A) In some industries, such as automotive and retail food, franchising is a dominant form of business ownership and growth.
B) There are some instances in which franchising is not appropriate.
C) Franchising is a relatively new form of business organization.
D) Franchising, by its very nature, involves the sharing of knowledge between a franchisor and a franchisee.
E) Franchising is a relatively poorly understood form of business ownership and growth.

Question

Quizplus · Accepted Answer

Franchising is not a relatively new form of business organization. In fact, it has been around for over a century.

Which of the Following Statements Is Incorrect Regarding Franchising