Looking for trustworthy answers? Westonci.ca is the ultimate Q&A platform where experts share their knowledge on various topics. Get immediate and reliable answers to your questions from a community of experienced experts on our platform. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.
Sagot :
Franchisers are permitted to recognize the revenue from the sale of a franchise whenever they wish under accrual-basis accounting- False.
A franchise refers to a category of retail business in which a license is bestowed to an individual or group to access and market a company's commodities or services in a particular territory. The franchisee is provided with access to the franchisor's proprietary business knowledge, products, procedures, trademarks, and branding in exchange for a franchise fee. An initial start-up fee and an annual licensing fee are paid.
Most lucidly, A franchise can be defined as a joint venture between a franchisor and a franchisee. To note, the franchisor is the original business. The franchise is on the other hand, the purchaser of the rights of the franchisor. Franchises in today's times represent a popular way for entrepreneurs to start a business.
Learn more about the franchise: brainly.com/question/16117684
#SPJ4
Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.
