GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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McDonald’s and Subway are examples of a
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Joint-Venture
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Franchise
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Non-Profit Corporation
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Cooperative corporation
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Explanation:
Detailed explanation-1: -Franchise Business Model of McDonald’s The company’s franchisees own and operate 90% of its restaurants. Franchisees operate their restaurants with oversight from the company and act as their employer. They have significant control over the pricing, the sale, and the operation of their restaurants.
Detailed explanation-2: -Examples of well-known franchise business models include McDonald’s (NYSE: MCD), Subway, United Parcel Service (NYSE: UPS), and H&R Block (NYSE: HRB).
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