Independently owned stores that band together to act like a chain are referred to as:
A)An administered system
B)A contractual system
C)A vertical integration
D)A franchise

Question

Quizplus · Accepted Answer

Independently owned stores that band together to act like a chain are called a contractual system. This system allows independent stores to benefit from the advantages of operating as a chain, such as advertising and purchasing power, while maintaining their independence as individual owners. A franchise system, on the other hand, involves a contractual agreement where a franchisor grants a franchisee the right to use the franchisor's trademarks, products, and business system in exchange for a fee or royalty.

Independently Owned Stores That Band Together to Act Like a Chain