Edward signed a contract allowing Francine to sell products using his trade name so long as the product meets Edward's quality standards. Edward is a(n)
A) franchise.
B) franchisor.
C) franchisee.
D) independent business owner.

Question

Quizplus · Accepted Answer

Edward is the franchisor, as he is allowing Francine to sell products using his trade name and establish a business under his brand name. Francine is the franchisee, as she is operating under Edward's established brand and quality standards. A franchise involves the franchisor providing the franchisee with the right to use its brand name, products, and operating system in exchange for a fee or royalties.

Edward Signed a Contract Allowing Francine to Sell Products Using