Stephen Xu has entered into a contract to open a new McDonald's restaurant in his town because he feels that there is an opportunity to make a lot of money. Xu will own the business, but will have to meet strict guidelines set forth by McDonalds in order to use their name and sell their products. Xu has opened a (n) ____________.

Question

Quizplus · Accepted Answer

Xu has opened a franchise, which involves owning and operating a business under the brand and guidelines of an established company (in this case, McDonald's).

Stephen Xu Has Entered into a Contract to Open a New