Which of the following could be classified as a franchise?(1 point)
a national fast-food chain owned and operated by a single organization
one of several hair salons owned and operated by individuals but licensed and supported by a single entity
one of many daycare centers owned and operated by a single family
one of several unrelated laser tag companies in a region that are owned and operated by individuals
i don't know what franchise means...
- nonprofit organizations retain profit rather than distribute it to shareholders
- producer cooperative
-one of several hair salons owned and operated by individuals but licensed and supported by a single entity
-ratio of profit to revenue
-creative destruction
Hyacinthus is correct 100%
which one is it lol?
A franchise refers to a business model in which an individual or a group of individuals are granted the right to operate a business based on a proven and successful concept owned by another organization. In a franchise arrangement, the franchisee pays a fee or royalty to the franchisor in exchange for the rights to use their brand name, trademarks, and business processes.
Based on this definition, the correct option that could be classified as a franchise is:
- One of several hair salons owned and operated by individuals but licensed and supported by a single entity.
To determine this, we need to identify if the business is owned and operated by individuals but also has a licensing or support agreement with a single entity. In this case, the hair salons are owned and operated by individuals, but they are licensed and supported by a single entity, which indicates a franchise setup.