Practicing Success

Target Exam

CUET

Subject

Entrepreneurship

Chapter

Enterprise growth Strategies

Question:
"These ventures typically require that a business owner purchases and distributes the products for one specific company. The company must provide customers or accounts to the business owner, and in return, the business owner pays a fee or other consideration as compensation. Examples include vending machine routes and distributorships." Which of the following type of franchise opportunity is described here?
Options:
Product franchise business opportunity
Manufacturing franchise opportunity
Business franchise opportunity ventures
Business format franchise opportunity
Correct Answer:
Business franchise opportunity ventures
Explanation:
Business franchise opportunity ventures: These ventures typically require that a business owner purchases and distributes the products for one specific company. The company must provide customers or accounts to the business owner, and in return, the business owner pays a fee or other consideration as compensation. Examples include vending machine routes and distributorships.