Question

which of the following is true about startups and franchises? a for both startups and franchises, you license a brand from a company. b you have to build a brand for a startup, while you license a brand for a franchise. c for both startups and franchises, you have to build a brand. d you have to build a brand for a franchise, while you license a brand for a startup.

Explanation:

A startup is a new - founded business that typically has to build its brand from scratch. A franchise is a business model where an individual or entity licenses a brand, business system, and products from an established company.

Answer:

B. You have to build a brand for a startup, while you license a brand for a franchise.