Franchise is a type of license purchased by a franchisee from a franchisor to allow them to trade under the name of that business.

Name: Franchise is a type of license purchased by a franchisee from a franchisor to allow them to trade under the name of that business.
Brand: Quizplus
Rating: 4.9 (52 reviews)

Question

Quizplus · Accepted Answer

Franchise is a form of license that grants a franchisee the right to use a franchisor's brand name, products, and business model in exchange for a fee or royalties.

Franchise Is a Type of License Purchased by a Franchisee