After completing your university degree, you decide to buy a Boost Juice franchise. The application for a franchise comes with an information pack which explains that:
A) the franchisee generally supplies labour and capital for the business.
B) the franchisor licences the right to use its business model, or sell its products, to the franchisee.
C) the franchisor stipulates standards and rules by which the franchise business must operate.
D) Options a, b and c.
E) Both b and c.

Question

Quizplus · Accepted Answer

understand the concept of place and how distribution channels connect producers and consumers/organisational buyers. A franchise is a type of business in which the right to sell products and/or the rights to use the main element of a business model are licensed by one party (franchisor) to another (franchisee). All of the options given are correct.

After Completing Your University Degree, You Decide to Buy a Boost