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mlee52381 mlee52381
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3 weeks ago
The one-time payment a franchisee gives to the franchisor for access to systems, site-location studies, market research and other aspects of opening a franchise is called ________.

▸ the franchise fee

▸ startup costs

▸ royal payments

▸ initial investment

▸ distribution costs
Textbook 

Business in Action


Edition: 9th
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mattloftergenermattloftergener
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the franchise fee

The initial costs of launching a franchise come in two parts. The first is a one-time payment called the franchise fee, which gives the franchisee access to the system along with a variety of start-up services that can include site-location studies, market research, training, initial advertising, and guidance on building or preparing a facility that meets the franchisor's standards.

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