Which of the following can be best defined as a form of licensing in which a company agrees to provide another company a name,logo,methods of operation,advertising,products,and other elements associated with a business in return for a financial commitment and the agreement to conduct business in accordance with their standard of operations?

Question

Quizplus · Accepted Answer

Franchising is a business model where the franchisor (the owner of the business providing the product or service) allows the franchisee (the individual or company paying to use the business's name and system) to use its name, logo, methods of operation, advertising, products, and other elements in exchange for a financial commitment and adherence to the franchisor's business practices.

Which of the Following Can Be Best Defined as a Form