The parent company,Denny's,allows independent entities to sell its products.In addition,the independent entities can use the Denny's name,production,and marketing techniques.Denny's is an example of a(n)________.
A)strategic alliance
B)joint venture
C)franchise
D)distributor
E)agent

Question

Quizplus · Accepted Answer

Denny's is an example of a franchise, where the parent company allows independent entities to use its brand name, products, and marketing techniques in exchange for fees and royalties. A strategic alliance involves a partnership between two or more companies to achieve a common goal. A joint venture is a partnership where two or more companies create a new entity for a specific project. A distributor is a company that distributes products to wholesalers or retailers. An agent is a person or company that represents another company in negotiations or sales.

The Parent Company,Denny's,allows Independent Entities to Sell Its Products