When a group of properties all use the same name and report to a central headquarters for direction, they are called a ___________________.
A) corporate chain
B) franchiser
C) joint venture
D) management contract

Question

Quizplus · Accepted Answer

A corporate chain is a group of properties that all use the same name and report to a central headquarters for direction. The other options do not accurately describe this type of group. A franchiser may have properties that use the same name but typically does not provide the same level of central direction. A joint venture is a business arrangement between two or more entities. A management contract involves a management company providing operational services to a property, but it may not involve a group of properties using the same name.

When a Group of Properties All Use the Same Name