What is a continuing relationship in which an individual or business grants business rights to operate or sell a product to another individual or business?
A)a leasing contract
B)a brokered partnership
C)a franchise
D)a countertrade

Question

Quizplus · Accepted Answer

A franchise is a business model in which a company grants the right to operate or sell its products to another person or business in exchange for fees and royalties. The franchisee is responsible for operating their business according to the franchisor's established system, and the franchisor provides support and guidance in exchange for a portion of the profits. This relationship is ongoing and typically involves a long-term agreement. A leasing contract is an agreement in which one party agrees to rent property or equipment to another party for a short period of time. A brokered partnership is not a commonly used term in business but usually refers to a joint venture or partnership in which a third party serves as a mediator or broker. Countertrade is a form of international trade in which goods or services are exchanged instead of money.

What Is a Continuing Relationship in Which an Individual or Business