GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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which of the following is a characteristic of a product trade-name franchise?
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the franchise can choose the name of the business
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it is owned by shareholders
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it is not open to the public
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the franchise has unlimited liability
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Explanation:
Detailed explanation-1: -Which of the following is a characteristic of a product trade-name franchise: The franchisee can choose the name of the business.
Detailed explanation-2: -There are essentially three different types of ownership of a franchise to consider: owner/operator, absentee owner, and semi-absentee owner. The model you choose will depend on your goals, investment structure, and desired involvement with your franchise operation.
Detailed explanation-3: -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.
There is 1 question to complete.