Question

If a hotel or restaurant is franchised, the property is mostly commonly owned ________________________. Select one: A. by the hotel or restaurant chain company. B. jointly by the chain company and the franchisee. C. by the local franchisee. D. by a combination of the local bank, the chain company and the franchisee. E. none of the above

Answer 1

C. by the local franchisee.

If a hotel or restaurant is franchised, the property is most commonly owned by the local franchise.

What is a franchise?

A franchise (or franchising) is a technique of selling goods or services that involves a franchisor who creates the brand's trade name and business model and a franchisee who pays a royalty and frequently an upfront fee to have the right to use the franchisor's name and system. The term franchise technically refers to the agreement that binds the two parties, but it is more frequently used to describe the business that the franchisee runs. The process of developing and disseminating a brand and franchise network is known as franchising.

Learn more about a franchise here:

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