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Some companies expand successful retail businesses by entering into contracts that give others the right to operate businesses with the same name and format. This is called ______. Multiple choice question. franchising an administered vertical marketing system licensing co-branding

Respuesta :

Answer:the answer is franchising

Explanation:

Franchises are contracts or stores and are given to public people to own and operate

ayokenny2001

Franchising is when some companies expand successful retail businesses by entering into contracts which give others right to operate businesses.

What is franchising?

Franchising refers to an arrangement whereby a one party gives aproval for the other party to trade in his name with all rights and privileges.

Advantages of owning a franchise are :

  1. Franchise owner gets valuable help throughout the lifespan of the business.
  2. Owning a franchise comes with a low rate of failure.

Hence, franchising is when some companies expand successful retail businesses by entering into contracts  which give others right to operate businesses.

Learn more about franchising here: https://brainly.com/question/3687222

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