Question

Bonni wants to go into business for herself and knows she can start a corporation over the Internet. Instead she chooses to invest in a new local Taco Bell restaurant, which is an example of_____________________

Answer 1

Answer:

Chain-style business operation franchise

Explanation:

A franchise is an arrangement where an investor approaches the owners of an already existing and successful business with view to buying into such business, while the owner of the business provides training and support.

Chain-style business operation franchise is a type of franchise where the buyer of that franchise will use the trade name and become an appendage of the franchisor’s chain of business.