Asked by Mitchal Bentley on Sep 24, 2024
In a franchising relationship
A) the franchisor is the principal
B) the agent is the franchisor
C) the franchisor is the agent
D) the principal is the franchisee
Franchising Relationship
A business model that involves a franchisor licensing its know-how, procedures, intellectual property, use of its business model, brand, and rights to sell its branded products and services to a franchisee.
Franchisor
A company that grants the license to third parties for them to operate a business under the franchisor's brand and business model.
Principal
The original sum of money lent or invested, excluding any profits or interest generated from it.
- Recognize the relationship between franchisor and franchisee including roles and responsibilities.
Learning Objectives
- Recognize the relationship between franchisor and franchisee including roles and responsibilities.