You have decided to open a pet store and have engaged in a contract with Dog & Cat Centres, Inc.You and the company have drawn up an agreement that allows you to use the company's name and its proven method of doing business, to receive training, and to use its advertising materials.In this agreement, Dog & Cat is the ____ and you are the ____.

Question

Quizplus · Accepted Answer

The agreement described is a clear example of a franchise arrangement, where Dog & Cat Centres, Inc. is the franchisor (providing the name, business model, training, and advertising materials) and the individual opening the pet store is the franchisee (using the franchisor's resources to operate the business).

You Have Decided to Open a Pet Store and Have