Examlex
Which of these statements regarding bullet points in a marketing plan is most accurate?
Franchises
Business models that allow individuals to operate their own outlets of a larger company, using its brand, processes, and resources.
Company Stores
Retail establishments operated by a company that sells its own products to its employees or the general public, often in a monopolistic or semi-monopolistic market.
Franchising Relationship
A business model that involves a franchisor licensing its know-how, procedures, intellectual property, use of its business model, brand, and rights to sell its branded products and services to a franchisee.
Franchisor
A company that grants the license to third parties for them to operate a business under the franchisor's brand and business model.
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