EBK MINDTAPV2.0 CONTEMPORARY MARKETING,
EBK MINDTAPV2.0 CONTEMPORARY MARKETING,
17th Edition
ISBN: 9781337091022
Author: Kurtz
Publisher: VST
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Chapter 14, Problem 5ALR
Summary Introduction

To discuss: The benefits of owning a franchise and their disadvantages.

A franchise is a form of license that is acquired by the franchisee for accessing the business process and trademark to provide service or sell a product under the business name. The franchisee should pay the initial start-up amount and annual licensing fees to franchisor.

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