An agreement that allows an independent organization or individual to run a business using the name of an established business for a fee is known as.
A)franchising
B)exporting
C)licensing
D)contract manufacturing
E)management contract

Question

Quizplus · Accepted Answer

Franchising allows an independent organization or individual to operate a business using the name, brand, products, and services of an established business for a fee. In franchising, the franchisor provides the franchisee with the necessary training, support, and marketing to run the business successfully. Although franchising involves a significant investment, it offers many benefits, such as brand recognition, economies of scale, and proven business models.

An Agreement That Allows an Independent Organization or Individual to Run