Question

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

Answer 1

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.