Kwok Winn is looking to open a new business in his native Singapore.He has decided on a form of licensing that provides him with a standard package of products,systems,and management services in order to sell fast food to local residents.Which of the following best describes the form of business that Mr.Winn has chosen?

Question

Quizplus · Accepted Answer

Mr. Winn has chosen franchising as his form of business, where he receives a standard package of products, systems, and management services to sell fast food, using the name, brand, and operational standards of a larger company.

Kwok Winn Is Looking to Open a New Business in His