Answered

Welcome to Westonci.ca, the Q&A platform where your questions are met with detailed answers from experienced experts. Ask your questions and receive precise answers from experienced professionals across different disciplines. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

In a(n) ________, an individual or firm contracts with a parent company to set up a business or retail outlet.

Sagot :

Martebi

There are different kinds of businesses. In a franchise system. an individual or firm contracts with a parent company to set up a business or retail outlet.

  • Franchising is simply known to be a type of contractual system. It is often used to commercialize products, services or technology.

There are five major types of franchises. They are: job franchise, product franchise, business format franchise, investment franchise and conversion franchise.

A franchise (or franchising) is simply known as a process of sharing products or services involving a franchisor, who establishes the trademark of the brand of a business system, and a franchisee, who is responsible for paying a royalty under the franchisor's name and system.

Learn more about Franchise from

https://brainly.com/question/12879015

Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.