A new Mexican food retailer is currently granting business rights to individuals who want to use its logo and large buying advantage. What type of agreement is the retailer offering?

Question

Quizplus · Accepted Answer

The retailer is offering a franchise agreement, which grants individuals the right to use its logo and take advantage of its buying power in exchange for fees and royalties. This allows for the individual to operate under the retailer's established brand and business model.

A New Mexican Food Retailer Is Currently Granting Business Rights