A(n) _____ fee refers to the percentage of franchisees' revenues paid to an organization which has granted the right to use its brand name, products, and processes.
A) royalty
B) establishment
C) acceptance
D) acknowledgement
E) franchise

Question

Quizplus · Accepted Answer

A royalty fee is a percentage of the franchisee's revenue paid to the franchisor for the ongoing right to use the brand name, products, and processes.

A(n) _____ Fee Refers to the Percentage of Franchisees' Revenues