Question

A turnkey operation can be best described as a: Select one: A. limited liability partnership in which partners frequently rotate in and out. B. franchise operated by a person as his or her own personal property. C. franchise in which the franchisee carries out the advertisement campaigns. D. franchise in which the franchisor builds and equips the place of business and leases it to the franchisee.

Answer 1

The correct option is D,franchise in which the franchisor builds and equips the place of business and leases it to the franchisee.

Step-by-step explanation:

From a product perspective,a turnkey operation is an equipment that has been assembled,installed and ready for use upon delivery to the purchaser.

From a franchise perspective, it refers to a business arrangement where the owner of the franchise has built the structure,installed necessary gadgets for operation,hence the franchisee is expected to begin operations as soon the possession of the business premises is taken,no other purchase or installation of equipment is required.