Question

Under ________ an independent organization (franchisee) operates the business under the name of another company (franchisor). (Fill in the blank by choosing correct option)
a) Licensing
b) Franchising
c) Joint Venture

Answer 1

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(b) Franchising.

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Answer 2

Answer:

(b) Franchising

Explanation:

This is all about the business concept. It is very useful for a business perspective because of the Franchise  system business growth strategy for good products as well as sell. the chances of risk in this type of system are minimum. It is fully transparent,there are thirty-six countries are follows this law. The majority of other countries these laws is partially or fully effect on franchising.