INTRODUCTION TO ENTREPRENEURSHIP
TYPES OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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This type of business is a contractual agreement with a parent company to sell its products/services in an area.
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Sole Proprietorship
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Partnership
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Corporation
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Franchise
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Explanation:
Detailed explanation-1: -Franchising is a well-known marketing strategy for business expansion. A contractual agreement takes place between Franchisor and Franchisee. Franchisor authorizes franchisee to sell their products, goods, services and give rights to use their trademark and brand name. And these franchisee acts like a dealer.
Detailed explanation-2: -Job or operator franchise. These owner operator franchises are usually home based, which keeps overheads down to a minimum. Management franchise. Retail and fast food franchises. Investment franchise. 10-Jul-2019
Detailed explanation-3: -Single-Unit Franchise Agreement. Area Development Agreement. Master Franchise Agreement. 07-Jun-2021
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