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Anit [1.1K]
3 years ago
6

Liam owns a far horizons travel agency franchise. as a franchisee, liam is guaranteed the right to retain all of his franchise's

revenues and profits.
a. True
b. False
Business
1 answer:
FinnZ [79.3K]3 years ago
6 0
The statement that as a franchisee, Liam is guaranteed the right to retain all of his franchise's revenues and profits is false. 
Franchisees usually pay a royalty to the franchisor - the party that gets <span>the right to market a product or service using the trademark or trade name of another business (franchisee)</span>. The royalty can be a share of the franchisee's revenues or a share of the franchisee's profits.
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4 0
2 years ago
In a franchise business, the party paying the franchise fee is known as the a. franchisee.b. franchisor.c. entrepreneur.d. busin
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Answer:

a. franchisee

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A franchises referred to a small business , and is very common method of doing any business .

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