Final answer:
Franchising is a principal entry mode for the Food and Beverage industry.
Step-by-step explanation:
A franchise is a principal entry mode for the Food and Beverage industry. Franchising allows individuals or groups to start a business based on an established model provided by the franchisor. This model includes training, supply chain support, and operational assistance.
The question asks which industry primarily uses franchising as a mode of entry. Franchising is particularly prevalent in the Food and Beverage industry. This business model allows individuals to open and operate a business using the branding, operations, and support provided by the franchisor. In exchange for these benefits, franchisees pay an initial franchise fee and ongoing royalty fees. Fast food chains like McDonald's are classic examples of franchises that have used this model to expand globally.