Advertisements
Advertisements
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
Advertisements
Solution
A continuing relationship that provides license privileges to do business and provides training, merchandising for consideration is called Franchising.
APPEARS IN
RELATED QUESTIONS
Who is a franchisee?
What is franchising?
Explain in brief the three ways in which an organisation can expand externally.
Explain the types of franchising.
Explain the advantages of franchising, both for the franchisor and franchisee.
An organization carrying out activities to move goods from producer to consumer is ______.
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.
How is franchising a better option for external expansion in case of start-ups?
