Franchising accounts for more than $1 trillion of annual U.S. sales and nearly one-third of all retail transactions. Franchises are distinguished by three characteristics that are: (1) the franchisee pays for the right to be part of the system: (2) the franchiser provides its franchisees with a system for doing business; and (3) ________.
A.
the franchiser controls all actions of the franchisee including hiring and marketing decisions
B.
the franchisee has unlimited freedom to change the operation once he/she pays the upfront charges
C.
the franchiser owns a trade or service mark and licenses it to franchisees in return for royalty payments.
D.
the franchiser receives a percentage of sales from the franchisee for the right to belong