Asked by Kelsey Brianne on Jul 11, 2024
Verified
Which of the following statements is true of franchising?
A) An individual only acquires the rights to a name and not the rights to methods of operation.
B) An individual experiences most freedom in this form of business ownership.
C) A franchisee receives cash payments from the franchiser on a monthly basis.
D) A franchisee does not receive accounting support from the franchiser.
E) A franchisee often receives building specifications and designs from the franchiser.
Franchising
A method of expanding a business and distributing goods and services through a licensing relationship.
Franchisee
A franchisee is an individual or company that has been granted the right by a franchisor to carry out business under the franchisor's brand and operational system.
- Gain insight into the configuration, rewards, and challenges of franchising for small-scale enterprises.
Verified Answer
TA
Torin AschleJul 16, 2024
Final Answer :
E
Explanation :
Franchising often involves the franchiser providing the franchisee with comprehensive support, including building specifications and designs, to ensure consistency across locations.
Learning Objectives
- Gain insight into the configuration, rewards, and challenges of franchising for small-scale enterprises.
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