Sky Toys,a chain of toy stores,charges its franchisees a fee for the use of its name that is approximately 12.5 percent of monthly gross sales.In this instance,the franchisees are paying ________ fees.

Question

Quizplus · Accepted Answer

The type of fee described, which is a percentage of monthly gross sales paid by franchisees for the use of the franchisor's name, is commonly known as a royalty fee.

Sky Toys,a Chain of Toy Stores,charges Its Franchisees a Fee