Department stores only face competition from other department stores as other retailing forms are not a threat to their sales and profitability

The Advertising Self-Regulatory Council (ASRC) seldom refers cases to the Federal Trade Commission

Indicate whether the statement is true or false

Crunch and Munch is the country's favorite fast-food vendor of fried chicken

Over the years, the company has diversified into providing a larger variety of snacks like hot dogs, burritos, and burgers, but consumers still consider it the best seller of fried chicken. Many potential investors have approached Crunch and Munch with offers to buy the company, but Crunch and Munch continues to operate through its stores. What is franchising? Why would franchising be a good contractual system for Crunch and Munch?