Which of the following is true about franchising?

Question

Quizplus · Accepted Answer

Franchising requires significant attention to the selection and training of franchisees, as they will represent the brand and maintain consistency in the quality of the product or service being offered. Option A is incorrect as franchising is not a replacement for exports and export jobs. Option B is partially correct as there may be a flow of foreign exchange out of the recipient country, but the revenue generated by franchising activities, such as payment of fees and royalties, also contributes to the recipient country's economy. Option C is incorrect, as standardization is crucial to maintain the consistency and quality of the product or service offered by the franchise.

Which of the Following Is True About Franchising