A _____ is a business in which the owner of a business sells to another the right to operate the same business in another location.
A) non-profit organization
B) franchise
C) joint venture
D) family business
E) wholly-owned subsidiary

Question

Quizplus · Accepted Answer

A franchise is a business model where a franchisor grants the right to operate its business model and sell its products or services under the franchisor's brand name to a franchisee. The franchisee pays an initial fee and ongoing royalties to the franchisor.

A _____ Is a Business in Which the Owner of a Business