A ___________ is an arrangement whereby someone with proven idea for a business sells the rights to use the business model,to sell a product or service to others in a given territory.
A)conditional grant
B)franchise agreement
C)trade contract
D)extended ownership agreement

Question

Quizplus · Accepted Answer

The description matches that of a franchise agreement, where the franchisor (owner of the business model) allows the franchisee (person buying the rights) to use the model to sell the product or service in a specific area. Choices A, C, and D are not accurate descriptions of the arrangement.

A ___________ Is an Arrangement Whereby Someone with Proven Idea