__________ refers to an arrangement by which the owner of a product or service allows others to purchase the right to distribute the product or service with help from the owner.
A) Franchising
B) Business incubation
C) Spinning-off
D) Globalization
E) Right offerings

Question

Quizplus · Accepted Answer

The arrangement described in the question is the definition of franchising. Franchising is a way for businesses to expand their reach without taking on the full responsibility of opening and operating additional locations themselves. Instead, they give others the right to use their brand and business model in exchange for a fee or percentage of profits.

__________ Refers to an Arrangement by Which the Owner of a Product