What did Ray Kroc do when he franchised McDonald's that set the bar for future franchise operations?
A) He provided training and support to franchisees to ensure that quality would be consistent in every McDonald's restaurant.
B) He licensed the McDonald's name to a wide variety of products such as hats and shirts.
C) He sold franchises in competing territories to encourage franchise owners to compete and come up with new innovations for the company.
D) He improved the quality of hamburgers and customer service.
Correct Answer:
Verified
Q1: Licensing is _.
A) the right to sell
Q2: Licensors must be careful that a licensee
Q3: If you buy a McDonald's franchise and
Q4: Explain replication strategies and harvesting and how
Q6: A _ is a business that markets
Q7: A _ represents the company's promise to
Q8: It typically requires at least _ years
Q9: Which of the following is a harvest
Q10: One way to grow your business is
Q11: A _ identifies the products or services
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