Richard and Bonny have entered into a business relationship to sell pet care services.Bonny's operation will be identical to Richard's operation and Richard has outlined for Bonny precisely how to run her business,how much to charge clients,and all other business details.What kind of business relationship exists between Richard and Bonny?

Question

Quizplus · Accepted Answer

Richard has provided Bonny with a franchise, which is a type of business relationship where the franchisor (Richard) provides the franchisee (Bonny) with the right to use their business model and brand name. Bonny must follow the guidelines and procedures provided by Richard, including pricing and other details.

Richard and Bonny Have Entered into a Business Relationship to Sell