Franchising is a special form of licensing.

Name: Franchising is a special form of licensing.
Brand: Quizplus
Rating: 4.7 (34 reviews)

Question

Quizplus · Accepted Answer

Franchising is indeed a form of licensing, where a franchisor grants the right to use its business model, brand, and operating system to a franchisee. However, franchising comes with additional requirements like specific fees, training, ongoing support, and strict adherence to the franchisor's established standards and guidelines.

Franchising Is a Special Form of Licensing