Which of the Following Is True About Franchising

Multiple Choice

Which of the following is true about franchising?

A) The parties in a franchising arrangement usually compete with each other for success.
B) The franchisee is the company that owns the franchise's name and distinctive elements and grants others the right to sell its product.
C) A franchise is an agreement whereby an independent businessperson is given exclusive rights to sell a specified good or service.
D) The franchiser is usually an independent local businessperson who agrees with the franchise owner to operate the business on a local or regional basis.