joey has opened a restaurant. he paid a large amount of money up front to get the business started. he only…
joey has opened a restaurant. he paid a large amount of money up front to get the business started. he only sells products that are licensed by someone else. what type of business opportunity is joey a part of?\n\nfranchise\nlicensing\nnetwork marketing\ndealership
Answer
Brief Explanations:
A franchise involves paying an upfront fee to use a business's brand, products, and systems, and selling licensed products/services. Joey paid upfront and sells licensed products, matching a franchise. Licensing is more about allowing others to use intellectual property, network marketing focuses on direct selling via networks, and dealership is about selling a specific brand's products (less about upfront fees and licensing structure here).
Answer:
A. Franchise