Question

The franchise business model originated in the US after World War? 2. True False

Answer 1

Correct answer is FALSE

Franchise model was original much prior to World War. When the American colonies were under British rule in the early 18th century, Benjamin Franklin entered into a business partnership in South Carolina with Thomas Whitmarsh i1731. This provided Franklin with a six-year contract to provide printing services under Whitmarsh's business model. This also prohibited him from entering into any other partnership with another printing services provider during the contract. Over time, Franklin acquired an extensive portfolio of franchise chains, including co-partnerships with other colonies in the Caribbean.

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