There are two general types of franchises:
A)product-format franchises and distribution franchises.
B)business-format franchises and manufacturing franchises.
C)venture franchises and general service franchises.
D)manufacturing franchises and venture franchises.
E)business-format franchises and product-distribution franchises.

Question

Quizplus · Accepted Answer

The best choice is E because it accurately identifies the two general types of franchises: business-format franchises and product-distribution franchises. Business-format franchises involve providing franchisees with all aspects of running a business, including the product, branding, marketing, and support, while product-distribution franchises involve the franchisor providing the product or service to the franchisee who then distributes it to customers.

There Are Two General Types of Franchises