Asked by Fantasia Jessie on May 19, 2024
Verified
A ________ is a franchise in which the franchisor manufactures a product and licenses a dealer to sell the product in an exclusive territory.
A) distributorship
B) manufacturing arrangement
C) chain-style business operation
D) syndicate
E) commercial partnership
Distributorship
A type of franchise in which the franchisor manufactures a product and licenses a dealer to sell the product in an exclusive territory.
Franchisor
A person or company that grants the license to a third party for the conducting of a business under the franchisor's marks and methods.
Exclusive Territory
A designated geographic area where a specific party has the exclusive right to operate, sell, or perform services.
- Attain an understanding of how franchises are formed, operated, and concluded.
Verified Answer
Learning Objectives
- Attain an understanding of how franchises are formed, operated, and concluded.
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