Question

for a service firm, a franchising strategy is typically associated with multiple choice high costs. quickly building a global presence. slowly building a global presence. high risk.

Answer 1

For a service firm, a franchising strategy is typically associated with quickly building a global presence.

Hence , option B is correct.

What do you mean by a franchising strategy?

Franchise strategy can be defined as a road map that gives your business direction by clearly identifying goals. It is a business relationship between two entities wherein one party allows another to sell its products and intellectual property.

Major components of Franchise strategy are

•  Good support package,  Strong brand.
• Proven potential and strong Team players.
• Marketing automation is considered as the powerful marketing tactics that you should be using in your franchise marketing strategy.

To know more about Franchise from the given link

https://brainly.com/question/3687222

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