In the Context of Franchising, Which of the Following Statements

In the context of franchising, which of the following statements is true of a business format franchise?

A) It is an agreement that a franchisee sends to the franchisor to acquire the items required to set up the franchise.
B) It is an arrangement which allows a franchisor to make a product and issue a license to a franchisee to sell it.
C) It is an agreement that a franchisor sends to a franchisee, communicating all the standard requirements that the franchisor expects him to follow.
D) It is an agreement in which franchisor grants the franchisee the right to both make and sell its good or service.