You have decided to open a pet store and have engaged in a contract with Dog & Cat Centers, Inc. You and the company have drawn up an agreement that allows you to use the company's name and its proven method of doing business, to receive training, and to use its advertising materials. In this agreement, Dog & Cat is the ____ and you are the ____.

Question

Quizplus · Accepted Answer

The agreement between Dog & Cat Centers, Inc. and the person opening the pet store fits the description of a franchise agreement. In this type of agreement, the company providing the business concept, expertise, and support is the franchisor while the person or entity who purchases the right to use the business model is the franchisee. Therefore, option B is the correct answer.

You Have Decided to Open a Pet Store and Have