An)__________ is where a business owner sells to another person the right to operate the same business in another location,under the original owner's business name and guidance.

Question

Quizplus · Accepted Answer

The correct term for this scenario is a franchise, where the original business owner (franchisor) grants the right to operate a business using their brand, products, and services to another person (franchisee) in exchange for ongoing fees and royalties. The franchisor provides guidance and often strict guidelines to ensure consistency across all locations.

An)__________ Is Where a Business Owner Sells to Another Person