A(n)________ fee is a lump-sum payment for the privilege of being granted a franchise.

Question

Quizplus · Accepted Answer

An initial license fee is a one-time payment made by a franchisee to the franchisor for the right to operate a business using the franchisor's trademark, business model, and other proprietary information. This fee is a necessary cost that allows the franchisee to enter into a pre-existing business model that has already proven successful.

A(n)________ Fee Is a Lump-Sum Payment for the Privilege of Being