Author Question: In a franchise arrangement, one business enters into a contract with another to sell its product ... (Read 112 times)

WhattoUnderstand · **on:** Aug 7, 2021

In a franchise arrangement, one business enters into a contract with another to sell its product exclusively. Which of the following is true with respect to a franchise?
◦ The franchisor, in addition to an initial sum of capital, is required to pay a substantial franchise fee as well as regular payments to the franchisee.
◦ The franchisee provides the product and other supplies and equipment.
◦ The franchisee and franchisor are in partnership together.
◦ A franchise arrangement is an effective way to expand the business.
◦ The franchisor must comply with rules, standards, and specifications with respect to products and prices.

bubulittle310@msn.cn · **Reply #1 on:** Aug 7, 2021

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