Radonna has just secured a license to sell Sonic products in her town of Normandy, Missouri. This agreement between Radonna and Sonic is known as a(n) ________.
A) joint venture
B) franchise
C) joint partnership
D) limited liability partnership
E) entrepreneurship agreement

Question

Quizplus · Accepted Answer

This agreement is known as a franchise, where Radonna has obtained the rights to sell Sonic products in her specific location under the Sonic brand name.

Radonna Has Just Secured a License to Sell Sonic Products