Question

Which contractual system is distinguished by the fact that it is normally based on some unique product or service; method of doing business; or trade name, goodwill, or patent that has been developed?

A) voluntary chain
B) retailer cooperative
C) franchise
D) corporate chain
E) warehouse club

Answer 1

A franchise is a contractual system that is normally based on some unique product or service, method of doing business, or trade name, goodwill, or patent that has been developed.

Step-by-step explanation:

The contractual system that is normally based on some unique product or service, method of doing business, or trade name, goodwill, or patent that has been developed is a franchise. A franchise is a business model where a franchisee purchases the rights to start a business based on a model designed by the franchisor. The franchisor provides training, support, and brand recognition in return for franchise fees and royalty fees.