Name the three basic types of franchises
-A product franchise gives you the right to sell trade-marked goods, which are purchased from the franchisor and resold. Car dealers and gasoline stations fall into this category.
-A manufacturing franchise, such as a soft- drink bottling plant, gives you the right to produce and distribute the manufacturer's prod-ucts, using supplies purchased from the franchisor.
-A business- format franchise gives you the right to open a business using a franchisor's name and format for doing business. This format includes many well- known chains, including Taco Bell, Pizza Hut, UPS Stores, and Curves fitness centers.