Vidyalelo
Management · Q224

Marketing

Graduate and Post Graduate · Management · question 224

Q224

__________ has become a popular way to expand delivery of an effective service concept to multiple sites without the level of investment capital that would be otherwise needed.

A.
Multi-site expansion
B.
Sub-contracting
C.
Franchising
Answer
D.
Company-owned expansion

Answer: Option C

Solution

Answer: Option C
Solution:
Franchising has become a popular way to expand delivery of an effective service concept to multiple sites without the level of investment capital that would be otherwise needed. Franchising is a form of business by which the owner (franchisor) of a product, service or method obtains distribution through affiliated dealers (franchisees). If buying an existing business doesn't sound right for you but starting from scratch sounds a bit intimidating, you could be suited for franchise ownership.