An arrangement in which an owner of a formula to make a certain product licenses the formula to an outside party is a franchise.

Name: An arrangement in which an owner of a formula to make a certain product licenses the formula to an outside party is a franchise.
Brand: Quizplus
Rating: 4.9 (47 reviews)

Question

Quizplus · Accepted Answer

A franchise is a business arrangement in which the owner of a trademark, trade name, or other intellectual property licenses the rights to use that property to another party in exchange for a fee.

An Arrangement in Which an Owner of a Formula to Make