GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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jake wanted to run his own business but was unsure that he had adequate business skills to be successful. which type of business would give jake the help he needs?
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private corporation
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business-format franchise
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sole proprietorship
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product trade-name franchise
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Explanation:
Detailed explanation-1: -Franchise. A contractual agreement between a parent company and a franchisee to distribute goods or services. Franchisee. One who buys the right to sell the goods or services of the parent company (franchisor) Franchising.
Detailed explanation-2: -Many franchise owners set up an LLC or a corporation to purchase a franchise. Filing a DBA allows them to operate legally in their local area under the name of the parent company.
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