LIT1 -WGU-Franchises Word Scramble
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Question | Answer |
What is a franchise? | Companies operating under the name of, and selling products of, another company. It is the cooperative relationship of the franchisor and franciese. |
What is a franchisor? | A large company that has chosen to grant a license to use its name, product, and procedure to a smaller company. |
What is a franchise? | A business that pays a licensing fee to the franchisor |
Who is responsible for obtaining a franchise license? | Franchisor |
What does the franchisor provide the franchise after the partnership is formed? | The franchisor provides reasearch and development, logo, policies and procedures, marketing assistance, and ongoing quality assessments. |
Created by:
mfagre
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