Todd wants to start a new business.With which of the following methods of starting a new business will he pay a share of the income from the business in return for the use of such things as trademarks and business formulas?

Question

Quizplus · Accepted Answer

Franchising involves paying a share of the income from the business in return for the use of trademarks and business formulas owned by the franchisor. This arrangement allows the franchisee to benefit from the established brand recognition and proven business methods of the franchisor, while also providing support and guidance in areas such as marketing and operations. Therefore, franchising is the best choice for Todd if he wants to start a new business while leveraging the expertise and reputation of an established brand.

Todd Wants to Start a New Business