What is franchising?

Multiple Choice

a contractual agreement between multiple retailers sharing the same business mission to operate with a consibtent business model to not only achieve enhanced buying power but also increase customer loyalty

purchasing the name, branding, and row materials from one organization and transferring it to another

contractual arrangement between a parent compary and an individual or from that allows the latter to operate a certain type of business under an established name and tocording to specific rutes

a practice whereby one firm's marketing channel is used to sell another firm's product

selling an idea to a larger company and letting if do ail the manufacturing, distribution, and marketing