This arrangement provides the franchisee with "a nationally well-known name and product."

Explanation:

A Franchise arrangement is one in i beg your pardon a Franchisor (the owner the a business) and also a Franchisee authorize an commitment after which it gives the Franchisee access to that is brand name, operational procedures and business model, and also the Franchisee payment the Franchisor fees and royalties together agreed.

You are watching: One reason franchises have become so popular is that this arrangement provides the franchisee with

Both the Franchisor and Franchisee advantage from a franchising agreement.

The Franchisor it s okay to broaden its service without incurring much costs, when the Franchisee, rather than beginning with one unknown brand surname gets an advantage of operating under the Franchisor"s recognized brand name and also product.

An instance of a franchise organization is McDonald"s.



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