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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 franchisor?
Who is a franchisee?
Which is the most popular form of franchising?
Enumerate the importance of franchising.
What are the disadvantages of franchising to the franchisee?
Choose the Correct Answer.
The model that identifies alternatives, criteria for decision making and analyzes alternatives to arrive at the best choice is ______
State two disadvantages of franchising?
Enumerate the characteristics 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.
Franchising is advantageous for both franchisor and franchisee. Explain five advantages of franchising for the franchisee.
