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Enterprise Growth Strategies — Entrepreneurship STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEntrepreneurshipEnterprise Growth Strategies3 Marks
Question
What is franchising?
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Answer

Franchising is a long-term cooperative relationship, that is based on an agreement in which the franchisor provides a licensed privilege to the franchisee to do business.

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