Henry operates an outlet of Moonlight Café,a world renowned fast-food restaurant,in his locality.He started the restaurant after getting a license from the owners of Moonlight Café and by regularly paying them a fee for the right to use their brand name,products,and methods of operation.Henry most likely operates a(n)_____.

Question

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Henry operates a franchise, which is a business model where an individual or group (the franchisee) pays for the right to use the brand, products, and methods of operation of a larger company (the franchisor). The franchisor typically provides support and training to the franchisee, in exchange for regular fees or royalties.

Henry Operates an Outlet of Moonlight Café,a World Renowned Fast-Food