Ask Question
5 September, 11:16

One reason franchises have become so popular is that this arrangement provides the franchisee with: a nationally recognized name and product. a low cost way to start a business. limited liability. the right to retain all profits earned by their franchise.

+2
Answers (1)
  1. 5 September, 12:57
    0
    This arrangement provides the franchisee with "a nationally recognized name and product."

    Explanation:

    A Franchise arrangement is one in which a Franchisor (the owner of a business) and a Franchisee sign an agreement after which it gives the Franchisee access to its brand name, operational procedures and business model, and the Franchisee pays the Franchisor fees and royalties as agreed.

    Both the Franchisor and Franchisee benefit from a franchising agreement.

    The Franchisor gets to expand its business without incurring much costs, while the Franchisee, rather than starting with an unknown brand name gets an advantage of operating under the Franchisor's recognized brand name and product.

    An example of a franchise organization is McDonald's.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “One reason franchises have become so popular is that this arrangement provides the franchisee with: a nationally recognized name and ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers