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What is it called when individuals buy a license from KFC to operate their own stores?

a) License to grill
b) Franchise
c) Subcontract
d) Rental agreement

User Meim
by
8.2k points

1 Answer

5 votes

Final answer:

A franchise is when individuals buy a license from KFC to operate their own stores. They pay a franchise fee and royalty fees to KFC in return for the right to use the KFC brand, receive training, and get support in setting up their operations.

Step-by-step explanation:

A franchise is when individuals buy a license from KFC to operate their own stores. They pay a franchise fee and royalty fees to KFC in return for the right to use the KFC brand, receive training, and get support in setting up their operations.

User Seydazimov Nurbol
by
9.1k points
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