________ is an arrangement whereby someone with a good idea for a business sells the rights to use the business name and sell the parent company's product or service to others in a given territory in a specified manner.
A) Franchising
B) Contract manufacturing
C) Import trading
D) Export trading

Question

Quizplus · Accepted Answer

Franchising is an arrangement in which an entrepreneur buys the rights to use a parent company's name and business model to sell products or services in a specific area. The franchisee typically pays an initial fee to the franchisor and ongoing royalties based on revenue.

________ Is an Arrangement Whereby Someone with a Good Idea