Question

stores owend and operated by individuals but licensed by large supporting companies are called

Answer 1

Franchises are the stores owned and operated by individuals but licensed by large supporting companies.

If someone wants to have a store .any well knowned company such as Pantaloons, KFC, Cafe Coffee day he has to apply for a Franchisee. One would require to pay an amount of money as security to start over with Franchises.

Answer 2

Stores owend and operated by individuals but licensed by large supporting companies are called RETAIL STORES


Retail is the process  through which  consumer goods or services  are sold to the end users through multiple channels of distribution . Retailers  fulfill the needs and demand  through a supply chain. It is a process where a service provider fills the small orders of a large  individuals, who are  considered as end-users