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Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

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BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

Describe the three general categories of franchising arrangements.

Summary Introduction

To determine: The three general categories of franchising arrangements.

Introduction: A franchise agreement is the deciding component in the establishment affiliation, as there is no particular enactment or direction for franchising.

Explanation

The three general categories of franchising arrangements are as follows:

  • Primary category: A producers approves various retail locations to offer a specific brand name to the product.
  • Secondary category: This categ...

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