Orange Computer Co

question 132

Multiple Choice

Orange Computer Co. is quickly becoming a major player in the personal computer market. The company currently has multiple companies producing products that go into an Orange computer. This practice of having an outside firm provide a function for Orange Computer Co. is called:

Definitions:

Franchise Agreement

A legal, binding contract between a franchisor and franchisee, outlining the terms and conditions of the franchise arrangement.

Franchisors

Companies or individuals that allow an entrepreneur to license their business model and brand for a franchisee to operate under.

Lawyer

A specialist authorized to provide legal counsel or act on behalf of others in court cases.

Franchising Systems

Business models where a brand allows individual proprietors to use its trademarks and methods in exchange for a fee and adherence to brand standards.