Which of the following is a characteristic of a franchisor-franchisee relationship?
A) a joint venture
B) a contractual arrangement
C) a limited partnership
D) a limited liability partnership

Question

Quizplus · Accepted Answer

A franchisor-franchisee relationship is a contractual arrangement where the franchisor allows the franchisee to use their established brand name, products, and business model in exchange for a fee or a percentage of profits. It is not a joint venture or a partnership, and although there may be some elements of limited liability involved, it is not the defining characteristic of this relationship.

Which of the Following Is a Characteristic of a Franchisor-Franchisee