Franchising is the practice of using another firms _________.

workers

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property

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successful business model

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all of the above

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Solution

The correct option is C successful business model
Franchising is the practice of using another firms successful business model. a franchise is a business opportunity that allows the franchisee to start business by legally using someone else's expertise, ideas, and processes.

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Similar questions

Q. Franchising is the practice of using another firm's successful business model.

When two or more firms come together to create a new business entity that is legally separate and distinct from its parents is known as

(a) Contract manufacturing

(b) Franchising

(d) Licensing

Q. Match the following:

Sr. No.	List I	Sr. No.	List II
P	B2C commerce	1.	Electronic Commerce
Q	Selling + customer satisfaction	2.	Customers should approach business to buy
R	Form of business transactions that is carried out through electronic processing and transmission of data	3.	E-commerce
S	Allowing another firm in a foreign market to use technical know-how and trade mark	4.	The basic concept of this model is to sell the product online to the consumers
		5.	Marketing
		6.	Franchising

Which of the following facts statements is/are incorrect?

1. The top import sources for India are China, USA, UAE, and Saudi Arabia.

2. Licensing is a special form of franchising in which a parent company grants another independent entity the right to do business in a manner prescribed by the parent company.

Q. Select the proper option from the options given below and rewrite the sentences.

Under ________ an independent organization (franchisee) operates the business under the name of another company (franchisor).

(a) Licensing
(b) Franchising
(c) Joint Venture

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Franchising is the practice of using another firms _________.

The correct option is C successful business modelFranchising is the practice of using another firms successful business model. a franchise is a business opportunity that allows the franchisee to start business by legally using someone else's expertise, ideas, and processes.

The correct option is C successful business model
Franchising is the practice of using another firms successful business model. a franchise is a business opportunity that allows the franchisee to start business by legally using someone else's expertise, ideas, and processes.