a(n)__________,an individual or firm contracts with a parent company to set up a business or retail outlet.
A) administered system
B) vertically integrated chain
C) retail-sponsored cooperative
D) franchise system
E) corporate system

Question

Quizplus · Accepted Answer

The description fits the franchise system, where an individual or firm contracts with a parent company to set up a business or retail outlet using the parent company's trademarks, products, and systems. This allows for the expansion of the parent company's brand and business through the efforts of independent franchisees.

A(n)__________,an Individual or Firm Contracts with a Parent Company to Set