In many franchises the franchiser oversees (or even manages)the selection of location,the construction of facilities,the acquisition and installation of necessary equipment,and the initial inventory with which to open business.Which of the following terms best represents this type of franchising?

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The term that best represents this type of franchising is turnkey, which refers to a franchising model in which the franchiser provides a complete business format and system to the franchisee, including site selection, construction, equipment, and inventory. The franchisee simply needs to "turn the key" and start operating the business. This type of franchising is often popular in industries such as fast food, where consistency and standardization are important. Cannibalization is the term used when a new location or franchisee takes business away from an existing location or franchisee. Liquidation refers to the process of selling off assets to pay off debts or close down a business. Consignment is a business model in which a supplier provides goods to a retailer, who only pays for the goods that are sold to consumers.

In Many Franchises the Franchiser Oversees (Or Even Manages)the Selection