A(n)__________is an arrangement whereby someone with a good idea for a business sells the rights to use the business name and sell a product or service to others in a given territory.
A)conditional grant
B)trade contract
C)extended ownership agreement
D)franchise agreement

Question

Quizplus · Accepted Answer

The given scenario describes a franchise agreement, where the franchisor (person with a good business idea) sells the rights to use their business name and sell their products/services to others in a specific territory (franchisees). The other options (A, B, and C) do not accurately describe the situation.

A(n)__________is an Arrangement Whereby Someone with a Good Idea for a Business