An arrangement that permits the buyer to sell the product of the seller,or parent company,is called a ________.

Question

Quizplus · Accepted Answer

A franchise is an arrangement in which the buyer is granted the right to sell the products or services of the seller or parent company. It typically involves the buyer operating under the brand name of the seller and adhering to specific guidelines and procedures in exchange for support and assistance from the seller. Option A refers to a type of business activity, while option C refers to a type of organization. Option D is an incorrect statement as there is a correct answer present.

An Arrangement That Permits the Buyer to Sell the Product