Two broad types of franchising arrangements are product/trademark franchising and business format franchising.

Question

Quizplus · Accepted Answer

This statement is true. Product/trademark franchising involves the franchisee selling products under the franchisor's brand name, while business format franchising provides the franchisee with a complete business system and operational support in addition to the use of the franchisor's brand name.

Two Broad Types of Franchising Arrangements Are Product/trademark Franchising and Business