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In a franchising situation, who pays the initial franchise fee and ongoing royalty rate?

a.The franchisor pays both to the franchisee.
b.The franchisee pays both to the franchisor.
c.The franchisor pays the franchise fee, and the franchisee pays the ongoing royalty rate.
d.The franchisee pays the franchise fee, and the franchisor pays the ongoing royalty rate.

1 Answer

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Final answer:

The franchisee is responsible for paying both the initial franchise fee and ongoing royalty rates to the franchisor in a franchising setup. These payments are for the rights to use the franchisor's system and receive ongoing support.

Step-by-step explanation:

In a franchising situation, the franchisee pays both the initial franchise fee and the ongoing royalty rate to the franchisor. The initial franchise fee is a one-time payment made by the franchisee to the franchisor for the rights to use the franchisor's brand, system, and support to start and operate a business. In addition to this initial fee, the franchisee is also responsible for paying ongoing royalty fees, which are usually a percentage of the franchisee's sales or a fixed periodic amount, to the franchisor. These royalty fees are for continued support, use of the brand, and sometimes for advertising contributions.

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