Question

Which of the following statement is not correct in relation to 'Franchise'?

• A. Franchising is the practice of using another firm's successful business model.
• B. It is the business relationship between two organizations where a franchiser, who is the owner of a brand name, product, or system of a business, permits a franchisee to use its brand, product, or business process for a fee,
• C. The franchisor provides training and continuous assistance to the franchisee.
• D. Franchiser shares all business and trade secrete with franchisee

Answer 1

Answer: (D)

Franchiser shares all business and trade secrete with franchisee

Option D is the right answer.