Franchises are typical in technology companies where the new technology does not fit with the company's core competencies.

Question

Quizplus · Accepted Answer

Franchises are typically found in industries such as restaurants, retail, and service businesses that want to expand their brand and business model through licensing opportunities. While technology companies may establish strategic partnerships or joint ventures to access new technologies, they are less likely to use a franchise model. Instead, technology companies may choose to acquire or invest in startups or other companies that have developed innovative technologies.

Franchises Are Typical in Technology Companies Where the New Technology