Foreign firms interested in becoming licensees or franchisees have to put their own capital up front.

Question

Quizplus · Accepted Answer

Foreign firms interested in becoming licensees or franchisees are typically required to provide their own capital to cover initial start-up costs and ongoing expenses, such as marketing, training, and supplies. This is because the franchisor or licensing company usually provides a proven business model, brand recognition, and ongoing support, but the licensee or franchisee is responsible for financing and managing their own business operations.

Foreign Firms Interested in Becoming Licensees or Franchisees Have to Put