ACCOUNTING II (MUHASEBE II) - (İNGİLİZCE) Dersi Intangible Assets and Natural Resources soru detayı:

PAYLAŞ:

SORU:

What is the difference between a 'franchise' and a 'licence'?


CEVAP:

A franchise is a contractual arrangement between a franchisor and a franchisee. Franchises are privileges granted by a business to sell goods or services under specified conditions. The franchisor grants the franchisee the right to sell certain products, perform specific services, or use certain trademarks or trade names, usually within a designated geographic area. Licenses are privileges granted by a government to use public property in performing services.18 A license granted by a governmental body permits a company to use public property in performing its services.