Which of the following statements is true about franchising?
a. It is a channel used exclusively for distribution of consumer durable goods.
b. The franchisee and franchisor are linked by a bond of voluntary cooperation rather binding contracts.
c. Generally, franchise marketing channels are more closely knit (i.e., closer relationships) than conventional channels.
d. The challenges managing a franchise channel are fundamentally the same as those encountered in conventional channels.
e. All of the above statements are true.
Question 2
In most of the developing world, direct selling is in which stage?
a. Introduction c. Maturity
b. Growth d. Decline