_____ refers to an arrangement by which the owner of a product or service allows others to purchase the right to distribute the product or service with support from the owner.

Question

Quizplus · Accepted Answer

Franchising is the arrangement by which the owner of a product or service allows others (franchisees) to purchase the right to distribute the product or service under the brand name and with support from the owner (franchisor). The franchisee typically operates their business according to a set of guidelines and standards set by the franchisor in exchange for the right to use their brand and benefit from their training, marketing, and ongoing support.

_____ Refers to an Arrangement by Which the Owner of a Product