type of contractual system describes a situation where assistance in selecting the location,setting up the store or facility,advertising,and training personnel is provided?
A) administered system
B) conglomerate system
C) franchise system
D) vertical integrated system
E) retail-sponsored cooperative

Question

Quizplus · Accepted Answer

The franchise system is a contractual system where the franchisor provides assistance in selecting the location, setting up the store or facility, advertising, and training personnel to the franchisee. The franchisee pays a fee and ongoing royalties to the franchisor in exchange for the use of the franchisor's brand and the support provided. The other options, such as administered system, conglomerate system, vertical integrated system, and retail-sponsored cooperative, do not specifically entail the franchisor providing such support to the franchisee.

Type of Contractual System Describes a Situation Where Assistance in Selecting