ENTREPRENEURIAL OPERATIONS
QUALITY CONTROL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In which of the following areas of business are franchise arrangements most commonly found?
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Clothing
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Farming
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Fast food
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Manufacturing
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Explanation:
Detailed explanation-1: -Single-Unit Franchise Agreement This is one of the most common agreements between franchisors and franchisees. It is mutually beneficial for both parties as well. For new franchisors, this is a great way to expand their business slowly while keeping a pulse on the franchise’s overall day-to-day operations.
Detailed explanation-2: -Business format franchising is the most popular type of franchise system and the one generally referred to when talking franchising. Businesses from more than 70 industries can be franchised, and the most popular are fast food, retail, restaurant, business services, fitness and other.
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