Explain the Two Major Classes of Franchising: Product Franchising and Business

question 17

Essay

Explain the two major classes of franchising: product franchising and business format franchising.

---

Definitions:

Systems Approach

A way of analyzing a complex situation or organization by considering it as an interrelated system of parts.

Disordered Thinking

Involves a disturbance in the logical structure of thought, often seen in conditions like schizophrenia, characterized by difficulty organizing thoughts coherently.

Larger Context

The larger context refers to the broader circumstances or background that surrounds and gives meaning to a specific event, situation, or decision.

Anti-Anxiety Drug

Medications used to treat symptoms of anxiety, such as panic attacks or extreme fear and worry, by affecting neurotransmitters in the brain.