Business Studies, asked by cshivani65, 2 months ago

Q17. What do you understand by 'Licensing and Franchising ? Explain briefly.

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Answered by Kritu16

Explanation:

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Answered by sweetysuvarnakarottu

Franchising is a form of licensing whereby the franchiser provides a standard package of components or ingredients together with management and marketing expertise, and the franchisee provides capital, market knowledge, and personal involvement.

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Q17. What do you understand by 'Licensing and Franchising ? Explain briefly.​

Answers

Q17. What do you understand by 'Licensing and Franchising ? Explain briefly.