Multiple Choice Question

Franchising involves a contractual arrangement whereby Blank______.
Multiple choice question.

one firm's marketing channel is being used to sell another firm's products

a string of independent retailers join together to achieve purchasing power and other volume discounts

a parent company allows another entity to operate a business under an established name for a fee

a channel member bypasses another member to sell or buy product directly

1 answer

Franchising involves a contractual arrangement whereby a parent company allows another entity to operate a business under an established name for a fee.