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Question
Choose the Correct Answer.
A continuing relationship which provides licence privileges to do business and provides training, merchandising for consideration is called ______
Options
Franchising
Factoring
Supply Chain Management
Exchange
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Solution
A continuing relationship that provides license privileges to do business and provides training, merchandising for consideration is called Franchising.
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RELATED QUESTIONS
Who is a franchisee?
What is franchising?
Enumerate the importance of franchising.
Explain the types of franchising.
Explain the advantages of franchising, both for the franchisor and franchisee.
Choose the Correct Answer.
A condition where a factor agrees to provide a complete set of services like financing, debt collection, consultancy is called ______
An organization carrying out activities to move goods from producer to consumer is ______.
What are the types of franchising?
Assertion (A): In franchising there is usually a much higher likelihood of success when an individual opens a franchise as opposed to a mom-and-pop business.
Reason (R): It runs on a proven business formula that is already in place.
How is franchising a better option for external expansion in case of start-ups?
