A ____ is a system of distribution that enables a supplier to arrange for a dealer to handle a specific product or service under certain mutually agreed upon conditions.

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A franchise is a system of distribution that enables a supplier (franchisor) to arrange for a dealer (franchisee) to handle a specific product or service under certain mutually agreed upon conditions. The franchisee typically pays an initial fee for the right to operate a business under the franchisor's name and business model, as well as ongoing royalties and advertising fees.

A ____ Is a System of Distribution That Enables a Supplier