A business that allows franchising licenses its brand name to a foreign firm in return for a percentage of the profits.

Name: A business that allows franchising licenses its brand name to a foreign firm in return for a percentage of the profits.
Brand: Quizplus
Rating: 4.9 (50 reviews)

Question

Quizplus · Accepted Answer

Franchising involves a business (franchisor) allowing a foreign firm (franchisee) to use its brand name and business model in exchange for a fee or percentage of the profits.

A Business That Allows Franchising Licenses Its Brand Name to a Foreign