INTERVIEW QUESTIONS MARKETING RETAIL MANAGEMENT DETAILS

Question: What is a franchise?

Answer: A franchise is a contractual agreement between the franchiser and franchisee which allows the franchise to conduct business under an established name as per a particular business format in return for a fee or compensation. Franchising can be a product or trademark where the franchise sells the products under franchiser name.

A franchise is a contractual agreement between the franchiser and franchisee which allows the franchise to conduct business under an established name as per a particular business format in return for a fee or compensation. Franchising can be a product or trademark where the franchise sells the products under franchiser name. Source: CoolInterview.com

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